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THE WORLD ORDER 



A Study in the 
Hegemony of Parasitism 



by 



Eustace Mullins 



Published by : 
Ezra Pound Institute of Civilization 
P.O. Box 1105 
Staunton, VA 24401 



Books by Eustace Mullins 

MULLINS ON THE FEDERAL RESERVE 

SECRETS OF THE FEDERAL RESERVE 

THE FEDERAL RESERVE CONSPIRACY 

DER BANKTER VERSCHWORUNG DER JEKYLL ISLAND 

THIS DIFFICULT INDIVIDUAL EZRA POUND 



First Edition 

Library of Congress Catalog Card No. 84-082357 
Copyright 1985 
Eustace Mullins 



dedicated to the memory of Haroldson Lafayette Hunt 



Acknowledgements 

I wish to thank the staffs of the following institutions for their unfailing courtesy, cooperation 

and assistance in the preparation of this work : 

THE LIBRARY OF CONGRESS, WASHINGTON, D.C. 

NEWBERRY LIBRARY, CHICAGO, ILL. 

NEW YORK CITY PUBLIC LIBRARY, NEW YORK 

ALDERMAN LIBRARY, UNIVERSITY OF VIRGINIA 

MCCORMICK LIBRARY, WASHINGTON & LEE UNIVERSITY 



First Foreword 



When he was proffered the cup of hemlock by his fellow-citizens, Socretes' 
last words were, "Crito, I owe a cock to Asclepius; will you remember to pay the 
debt ?" A gentleman is responsible for his obligations, and this book is the 
repayment of the efforts of three great men who chose me as their protege - Ezra 
Pound, the dominant literary figure of our time; George Stimpson, the most 
respected journalist in Washington (the title has been vacant since his death); and 
H.L. Hunt, whose spectacular business success blinded the public to his brilliant 
philosophical achievements. It was H.L. Hunt who invented the term "The 
Mistaken" for the self-corrupted members of the new class who now control our 
world - he might have added that they could also be described as "The 
Misshapen", because of their warped and perverted sense of values. 

The present work is also an expression of another Greek attitude - gratitude 
for life. Michael Lekakis introduced this astounding Greek attribute to me some 
thirty years ago. I describe it as "astounding", because no one today thinks of 
being grateful for life. Who can conceive of "gratitude for life" in an existence of 
eternal and worldwide slavery imposed upon humanity by the minions of the 
World Order ? 

In "The Greek Way", Edith Hamilton says, "Tragedy was a Greek creation 
because in Greece thought was free." We do not have tragedy today because of the 
thought control imposed by the World Order. Instead, we have "Newspeak" and 
"doublethink" in the world of 1989. I was privileged to sit in on a number 
conversations between Edith Hamilton and Ezra Pound, in which the conversation 
was uninhibited and far-reaching - freedom of thought in a federal institution in 
which one of the talkers was held as a political prisoner ! Pound describes these 
talks in "The Cantos", 

"And they want to know what we talked about ? 
'de litteris et de armis, praestantibusque ingeniis." 



Nietzsche also discoursed on "tragic pleasure", which no longer exists, 
because the World Order, in its anxiety to maintain control of every aspect of our 
lives, has banned passion. As a poor substitute, it gives us drugs and degeneracy. 

There are many facts in this book which you, the reader, will not wish to 
accept. I ask you to accept nothing, but to make your own investigations. You 
may find even more astonishing true facts than I have managed to glean in thirty- 
five years of intensive and in-depth research. 

Finally, we have Edith Hamilton's rendering of Socrates' most notable 
admonition, "Agree with me if I seem to you to speak the truth; or, if not, 
withstand me might and main that I may not deceive you as well as myself in my 
desire, and like the bee leave my sting in you before I die. And now let us 
proceed." 

Eustace Mullins, 
November 1, 1984 

Second Foreword 



PREFACE to the SECOND EDITION of "WORLD ORDER" by 
EUSTACE MULLINS 
My search for the names and addresses of the secret rulers of the world became a 
mediaeval quest to find the Holy Grail which would fling open the doors of 
freedom for the oppressed and betrayed peoples of the world, particularly those in 
my own country. These World Order minions fear exposure more than they fear 
armed force or a legal system which would punish them for their crimes against 
humanity. 

I discovered that the hidden manipulators of the World Order had 
maintained their power by a very simple technique, which I have likened to a 
masked ball. The masque enables the Gnostics, the Knowing Ones, to identify their 
freinds and enemies because they alone know who is wearing what costume. It is a 



masquerade which depends entirely upon disguise, that is, on things which are not 
what seem. H.T. Martineau wrote in 1833, in "Three Ages", 1.1 "A troop of 
gentlemen, whose country could not be divined from their complexions, since each 
wore a mask." Persons whose country cannot be divined from their complexions - 
bandits wore a mask to prevent their victims from identifying them. 

The bandits of the World Order have succedded in robbing the whole world 
through the technique of the bal masque, the disguise which enables them to carry 
on their Satanic work without being identified and prosecuted. The bal masque is 
the ideal vehicle for this program, because the World Order gained its present 
power in Europe of the nineteenth century. It was a truism among the old 
European aristocracy that "Balls are given for those who are not invited". The 
guest attend because of duty or career, to spend an evening in the company of 
boring persons when they would much rather be elsewhere, the reward of being a 
guest at a bal masque is to be one of the Knowing Ones, those who know which 
masque hid the face of the King, which costume is that of the Grand Vizier. The 
other guests never knew whether they were talking to a mere courier, or to a 
powerful personage. The masses, with their faces pressed against the windows of 
ythe ballroom, know none of the celebrants, and will never know. This is the 
technique of the World Order, to be masked in mystery, with its hierarchy 
protected by their anonymity and their masks, so that those who revolt will strike 
out against the wrong targets, insignificant officials who are expendable. 

The World Order record is one of horror, as the ghosts of the massacred 
billions cry out for retribution. Its true nature is described by that master of the 
macabre, Edgar Allan Poe, in "The Masque of the Red Death". "While the 
pestilence raged most furiously abroad, the Prince Prospero entertained his 
thousand friends at a masked ball of the most unusual magnificence... And now 
was acknowledged the presence of the Red Death. He had come like a thief in the 
night. And one by one dropped the revelers in the blood-bedewed halls of their 
revel, and died each in the despairing posture of his fall. And Darkness and Decay 
and the Red Death held illimitable dominion over all." What Poe depicts is what is 



actually happening to the present world under the ministrations and conspiracies of 
the World Order - increasing pollution, disease and famine ending in worldwide 
desolation and the disappearance of our species. What is the alternative ? We can 
survive by ripping the mask off the face of the Red Death, and by sending him 
back to that hell from which he came. God made the earth for living, and we are 
overdue in our attack on the Brotherhood of Death. We must not be inveigled into 
more contrived "wars" for the profit of the World Order, nor can we afford to 
continue to be misled by their control over the media, the education process, and 
our governmental institutions. 



CHAPTER ONE The Rothschilds 



In its issue of Dec. 19, 1983, Forbes Magazine noted that "Half of 
Germany's top ten banks are Frankfurt based." The modern world's financial 
system, an updating of the Babylonian monetary system of taxes and money 
creation, was perfected in Frankfurt-on-Main, in the province of Hesse. Mayer 
Amschel Bauer (later Rothschild) discovered that although loans to farmers and 
small businesses could be profitable, the real profits lay in making loans to 
governments. Born in Frankfurt in 1743, Mayer Amschel married Gutta 
Schnapper. He served a three year apprenticeship in Hanover at the Bank of 
Oppenheim. During this period, he had occasion to be of service to Lt. Gen. 
Baron von Estorff. Von Estorff was the principal adviser to Landgrave Frederick 
II of Hesse, the wealthiest man in Europe. Frederick was worth from 70 to 100 
million florins, much of it inherited from his father, Wilhelm the Eighth, brother of 
the King of Sweden. Baron von Estorff advised the Landgrave that Mayer 
Amschel showed an uncanny ability to increase money through his investments. 
The Landgrave immediately sent for him. 

At this time, King George III was trying to put down the American 
Rebellion. His troops were being outfought by the hardy Americans, who were 



accustomed to wilderness battles. Mayer Amschel arranged for King George to 
hire 16,800 sturdy young Hessian soldiers from the Landgrave, a considerable 
addition to the Hesse's fortune. This advantageous relationship came to a halt with 
the sudden death in 1785 of the Landgrave, who was only twenty- five years old. 
However, Mayer Amschel attained absolute influence over his successor, Elector 
Wilhelm I, who, like Mayer Amschel, had also been born in 1 743. It was said that 
they were like two shoes, so well did they go together. It was a pleasant change 
from Mayer Amschel's relationship with the former Landgrave, who had been a 
very difficult and demanding person. In fact, the Landgrave's sudden death had 
luckily placed Mayer Amschel in charge of the largest fortune in Europe. 

As he prospered, Mayer Amschel placed a large red shield over his door of 
the house in the Judengasse, which he shared with the Schiff family. He took the 
name "Rothschild" from his sign. In 1812, when he died, he left one billion franks 
to his five sons. The eldest, Anselm, was placed in charge of the Frankfort bank. 
He had no children, and the bank was later closed. The second son, Salomon, was 
sent to Vienna, where he soon took over the banking monopoly formerly shared 
among five Jewish families, Arnstein, Eskeles, Geymuller, Stein and Sina. The third 
son, Nathan, founded the London branch, after he had profited in some 
Manchester dealings in textiles and dyestuffs which caused him to be widely feared 
and hated. Karl, the fourth son, went to Naples, where he became head of the 
occult group, the Alta Vendita. The youngest son, James, founded the French 
branch of the House of Rothschild in Paris. 

Thus strategically located, the five sons began their lucrative operations in 
government finance. Today, their holdings are concentrated in the Five Arrows 
Fund of Curacao, and the Five Arrows Corp. Toronto, Canada. The name is taken 
from the Rothschild sign of an eagle with five arrows clutched in its talons, 
signifying the five sons. 

The first precept of success in making government loans lies in "creating a 
demand", that is, by taking part in the creation of financial panics, depressions, 
famines, wars and revolutions. The overwhelming success of the Rothschilds lay in 



their willingness to do what had to be done. As Frederic Morton writes in the 
Preface to "The Rothschilds", "For the last one hundred and fifty years, the history 
of the House of Rothschild has been to an amazing degree the backstage history of 
Western Europe.... Because of their success in making loans not to individuals but 
to nations, they reaped huge profits.... Someone once said that the wealth of 
Rothschild consists of the bankruptcy of nations." 

In "The Empire of the City", E.C. Knuth says, "The fact that the House of 
Rothschild made its money in the great crashes of history and the great wars of 
history, the very periods when others lost their money, is beyond question." 

On July 8, 1937, the New York Times noted that Prof. Wilhelm, a German 
historian, had said, "The Rothschilds introduced the rule of money into European 
politics. The Rothschilds were the servants of money who undertook the 
reconstruct the world as an image of money and its functions. Money and the 
employment of wealth have become the law of European life; we no longer have 
nations, but economic provinces." 

On June 4, 1879, the New York Times noted, "Baron Lionel N. de 
Rothschild, head of the world famous banking house of Messrs. Rothschild & Co. 
died at the age of 71. He was son of the late Baron N.M. Rothschild who founded 
the house in London in 1808 and died in 1836. His father came to the conclusion 
that in order to perpetuate the fame and power of the Rothschilds, which had 
already become worldwide, it was necessary that the family be kept together, and 
devoted to the common cause. In order to do this, he proposed that they should 
intermarry, and form no marital unions outside the family. A council of the heads 
of the houses was called at Frankfurt in 1 826, end the views of Baron Nathan were 
approved." 

In "The Rothschilds: the Financial Rulers of Nations," John Reeves writes, 
"The first occasion in which Nathan assisted the English government was in 1819, 
when he undertook the loan of $60 million; from 1818-1832 Nathan issued eight 
other loans totalling $105,400,000; he subsequently issued eighteen Government 
loans totalling $700 million. To the Rothschilds, nothing could have occurred 



more propitiously than the outbreak of the American revolt and the French 
Revolution, as the two enabled them to lay the foundation of the immense wealth 
they have since acquired. The House of Rothschild was (and is) the ruling power in 
Europe, for all the political powers were willing to acknowledge the sway of the 
great financial Despot, and, like obedient vassals, pay their tribute without 
murmur.... Its influence was so all-powerful that it was a saying, no war could be 
undertaken without the assistance of the Rothschilds. They rose to a position of 
such power in the political and commercial world that they became the Dictators of 
Europe. To the public the archives of the family, which could throw so much light 
upon history, are a profound secret, a sealed book kept well hidden." 

On July 27, 1844, Mazzini said, "Rothschild could be King of France if he so 
desired." The Jewish Encydopedia noted (1909 edition), "In the year 1848 the 
Paris house (of Rothschild) was reckoned to be worth 600,000,000 francs as against 
352,000,000 francs held by all the other Paris bankers." 

Prof. Werner Sombart wrote, "The principal loan floaters of the world, the 
Rothschilds, were later the first railway kings. The period of 1820 onwards became 
the 'Age of the Rothschilds' so that at the middle of the century it was a common 
dictum : There is only one power in Europe and that is Rothschild." (Jews and 
Modern Capitalism). 

Hearst's Chicago Evening American commented, Dec. 3, 1923, "The 
Rothschilds can start or prevent wars. Their word could make or break empires." 

Reeves notes, "The fall of Napoleon was the rise of Rothschild." Napoleon 
was later slowly poisoned to death with arsenic by a Rothschild agent. They had no 
need of another "return from exile". 

The New York Evening Post noted July 22, 1924, "The Kaiser had to 
consult Rothschild to find out whether he could declare war. Another Rothschild 
carried out the whole burden of the contiict which overthrew Napoleon." 

The Kaiser's Chancellor, Bethmann-Hollweg, who actually precipitated 
World War I, was a member of the Frankfort banking family, Bethmann, and a 
cousin of the Rothschilds. 



After the fall of Napoleon, Salomon persuaded the ruler of Austria to issue 
patents of nobility to the five brothers. The Congress of Vienna was the 
emergence of the moth from its cocoon. The diktat of this Congress was a simple 
one - the aristocracies of Europe must submit to our will, or they are doomed. 
The death sentence upon the noble lines of Europe was pronounced by those who 
had the will to carry out their edict. It took another century to perfect the work, 
not because the killers were weak, but because they wished to proceed cautiously, 
without revealing their full strength. In combat, the decisive weapon is the one 
your opponent does not know about. 

It was not necessary to pronounce a death sentence upon the ruling families 
of America, because there were none. During the 1 9th century, a few descendants 
of colonial entrepreneurs had amassed wealth, and could afford a life of leisure and 
travel. They remained slavishly dependent upon Continental arbiters in every 
matter requiring personal taste and judgment. Because they had no guiding 
philosophy, and no program, this American "upper class" never made it to the top 
of the stairs. They remained "below stairs" as servants of the London princes of 
the World Order. Their self-abasement not only manifested itself in an unusually 
high rate of suicide, but also in the slower forms of self-destruction, alcoholism, 
drug addiction, and homosexuality. Homosexuality is not so much a type of sexual 
drive as it is the expression of deeper needs, the desire for self-degradation, or the 
seeking of a partner whom one can humiliate and degrade. It could hardly be 
unexpected that such a "ruling class" would eagerly hail the twentieth century 
crusade to enthrone Communism as the vehicle of the World Order. 

In their quest for wealth, the Rothschilds did not overlook either the small 
farmer or the stockpiling and wholesaling of grain. They developed a "farm loan" 
system which has been the curse of the farmers for more than a century. R.F. 
Pettigrew noted in the British Guardian, "This system of banking (causing the 
ultimate ruin of all those who cultivate the soil) was the invention of Lord 
Overstone, with the assistance of the Rothschilds, bankers of Europe." 



One of their greatest triumphs was the successful outcome of the 
Rothschilds' protracted war against the Russian Imperial Family. The family name 
of the Romanovs was derived from Roma Nova, New Rome. It embodied the 
ancient prophecy that Moscow was to become "the New Rome." The family 
originated with Prince Prus, brother of Emperor August of Rome, who founded 
Prussia. In 1614, Michael became the first Romanov Czar. 

After the fall of Napoleon, the Rothschilds turned all their hatred against the 
Romanovs. In 1825, they poisoned Alexander I; in 1855, they poisoned Nicholas 
I. Other assassinations followed, culminating on the night of Nov. 6, 1917, when a 
dozen Red Guards drove a truck up to the Imperial Bank Building in Moscow. 
They loaded the Imperial jewel collection and $700 million gold, loot totalling more 
than a billion dollars. The new regime also confiscated the 150 million acres in 
Russia personally owned by the Czar. 

Of equal importance were the enormous cash reserves which the Czar had 
invested abroad in European and American banks. The New York Times stated 
that the Czar had $5 million in Guaranty Trust, and $1 million in the National City 
Bank; other authorities stated it was $5 million in each bank. Between 1905 and 
1910 the Czar had sent more than $900 million to be deposited in six leading New 
York banks, Chase, National City, Guaranty Trust, J. P. Morgan, Hanover, and 
Manufacturers Trust. These were the principal banks controlled by the House of 
Rothschild through their American agents, J.P. Morgan, and Kuhn, Loeb Co. 
These were also the six New York banks which bought the controlling stock in the 
Federal Reserve Bank of New York in 1914. They have held control of the stock 
ever since. 

The Czar also had $115 million in four English banks. He had $35 million 
in the Bank of England, $25 million in Barings, $25 million in Barclays, and $30 
million in Lloyd's Bank. In Paris, the Czar had $100 million in Banque de France, 
and $80 million in the Rothschild Bank of Paris. In Berlin, he had $132 million in 
the Mendelsohn Bank, which had long been bankers to Russia. None of these 
sums has ever been disbursed; at compound interest since 1916, they amount to 



more than $50 billion. Two claimants later appeared, a son, Alexis, and a daughter, 
Anastasia. Despite a great deal of proof substantiating their claims, Peter Kurth 
notes in "Anastasia" that "Lord Mountbatten put up the money for court batdes 
against Anastasia. Although he was Empress Alexandra's nephew, he was the 
guiding force behind Anastasia's opposition." The Battenbergs, or Mountbattens, 
were also related to the Rothschild family. They did not wish to see the Czar's 
fortune reclaimed and removed from the Rothschild banks. 

Kurth also notes "In a 1959 series on the history of the great British banks, 
for example, the Observer of London remarked of Baring Brothers, 'The 
Romanovs were among their most distinguished clients. It is affirmed that Barings 
still holds a deposit of more than forty million pounds that was left them by the 
Romanovs. Anthony Sampson editor in chief, said no protests were made. This 
story is generally considered to be true." 

In the early 19th century, the Rothschilds began to consolidate their profits 
from government loans into various business ventures, which have done very well. 
Fortuitous trading on the London Stock Exchange after Waterloo gave Nathaniel 
Mayer Rothschild a sizeable portion of the Consols which formed the bulk of the 
deposits of the Bank of England. Joseph Wechsberg notes in "The Merchant 
Bankers", "There is the Sun Alliance life insurance company, most aristocratic of 
all insurance companies, founded by Nathan Rothschild in 1824; Brinco, the 
British Newfoundland corp., founded by the British and French Rothschilds in 
1952; the Anglo-American corp.; Bowater, Rio Tinto and others." 

Not only does the bank rate of the Bank of England affect the interest rates 
in other nations; the price of gold also plays a crucial role in the monetary affairs 
of nations, even if they are no longer on the gold standard. The dominant role 
played by the House of Rothschild in the Bank of England is augmented by 
another peculiar duty of the firm, the daily fixing of the world price of gold. The 
News Chronicle of Dec. 12, 1938, describes this ritual : "The story of the gold- 
fixing has often been told. How every weekday at 11 a.m. the representatives of 
five firms of bullion brokers and one firm of refiners meet at the office of Messrs. 



Rothschild (except on Saturday) and there fix the sterling price of gold. There is, 
however, a great deal of activity which lies behind his final act - this centralization 
of the demand for, and the supply of gold in one office and the fixing of the price 
of gold on that basis. A price of gold is first suggested, probably by the 
representative of Messrs. Rothschild, who also acts for the Bank of England and 
the Exchange Equalization Account." 

The banking houses privileged to meet with the Rothschilds to set the world 
price of gold are known as "the Club of Five". In 1958, they were : N.M. 
Rothschild, Samuel Montagu, Mocatta and Goldsmid, Sharps Pixley, and Johnson, 
Matthey. 

In 1961, the London Accepting Houses operating by approval of the 
Governor of the Bank of England were : Barings; Brown, Shipley; Arbuthnot 
Latham; Wm. Brandt's & Sons; Erlangers; Antony Gibbs & Co.; Guinness 
Mahon Hawkins; S. Japhet; Kleinwort & Sons; Lazard Bros.; Samuel Montagu; 
Morgan Grenfell; N.M. Rothschild; M. Samuel; J. Henry Schroder; and S.G. 
Warburg. These chosen firms rule the financial establishment in "the City" of 
London. 

In 1961, the leading business groups in England were listed by Wm. M. 
Clarke as : 1. Morgan Grenfell Ltd. (Lord Bicester) the PeabodyJ.P. Morgan firm; 
2. Jardine Mathieson; 3. Rothschild-Samuel-Oppenheimer, comprising Rio Tinto, 
British South Africa Co., Shell Peteroleum, Brinco (British Newfoundland Corp.); 
4. Lazard Brothers-Shell, English Electric, Canadian Eagle Oil; 5. Lloyd's Bank; 6. 
Barclay's Bank; 7. Peninsular & Orient Lines; 8. Cunard; 9. Midland Group - 
Eagle Star - Higginson (Cavendish-Bentinck); 10. Prudential; 11. Imperial 
Chemical Industries; 12. Bowater; 13. Courtauld's; 14. Unilever. 

Although this list shows the Rothschild group as only one of fourteen, in 
fact they hold large positions or influence in the other groups of this list. 

In 1982, the principal directorships held by the London Rothschilds were : 
Lord Rothschild - N.M. Rothschild & Sons, Arcan N.V. Curacao, chmn. 
Rothschild's Continuation, and Rothschild Inc. USA. Edmund Leopold de 



Rothschild - N.M. Rothschild & Sons, Alfred Dunhill Ltd., Rothschild 
Continuation, Rothschild Trust, Rothman's International, chmn Tokyo Pacific 
Holdings NV; Baron Eric Rothschild - N.M. Rothschild & Sons; Evelyn de 
Rothschild - chmb N.M. Rothschild & Sons, DeBeers Consolidated Mines Ltd. 
South Africa, Eagle Star Insurance Co., chmn The Economist Newspaper Ltd., 
IBM UK Ltd., La Banque Privee S.A., Manufacturers Hanover Ltd., Rothschild 
Continuation Ltd., chmn United Race Courses Ltd; Leopold de Rothschild - N.M. 
Rothschild & Sons, Alliance Assurance Co., Bank of England, The London 
Assurance, Rothschild Continuation Ltd; Rothschild Continuation Holdings AG 
Switzerland, Sun Alliance and London Assurance Co., Sun Insurance Office Ltd. 

The British firms comprising the major basis of the Rothschild fortune are : 
Sun Alliance Assurance, Eagle Star, DeBeers, and Rio Tinto. Eagle Star's directors 
include Duncan Mackinnon, of Hambro Investment Trust; Earl Cadogan, whose 
mother was a Hambro; Sir Robert Clark, chmn. Hill Samuel Co.; Marquess 
Linlithgow (Charles Hope) whose mother was a Milner - he married Judith Baring; 
Evelyn de Rothschild; and Sir Ian Stewart of Brown Shipley Co., who has been 
parliamentary private secretary to the Chancellor of the Exchequer since 1979. 

DeBeers directors include Harry F. Oppenheimer, Sir Philip Oppenheimer, 
A.E. Oppenheimer, N.F. Oppenheimer, Baron Evelyn de Rothschild, and Sidney 
Spiro. Spiro is also a director of Rio Tinto, Hambros Bank, Barclays Bank, and 
Canadian Imperial Bank of Commerce. DeBeers interlocks with Anglo-American 
Corp. of South Africa, of which Harry F. Oppenheimer is chairman, and Anglo- 
American Gold Investment Co. of which Julian Ogilvie Thompson is chairman, 
and Harry F. Oppenheimer director. 

DeBeers interlocks with Hambros Bank, whose chmn. is Jocelyn Hambro; 
directors are R.N. Hambro, C.E. Hambro, Hon. H.W. Astor, Sir Ian Morrow, 
chmn. UKO Int. and The Laird Group, International Harvester, Rolls Royce, and 
the Brush Group; J.M. Clay, director of the Bank of England; Mark Weinberg, 
and Sidney Spiro. 



Rio Tinto's chmn. is Sir Anthony Tuke; he is also chmn. Barclay's Bank, and 
member Trilateral Commission. Directors are Lord Shackleton, Lord Privy Seal, 
chmn. RTZ Dev. Corp.; Lord Charteris of Amisfield, grandson of Earl of Wemys, 
married to daughter of Viscount Margesson, private secretary to Queen Elizabeth, 
director of Claridge's Hotel, and Connaught Hotel; Sir David Orr, chmn. 
Unilever; and Sidney Spiro, Hambros Bank. 

The principal Rothschild firm is Sun Alliance Assurance, which Nathan 
Mayer Rothschild founded in 1824, with Sir Alex Baring, Samuel Gurney, and Sir 
Moses Montefiore, with an initial capital of five million pounds. Chmn. of Sun 
Alliance is Lord Aldington (Toby Low) who is also chmn. Westland Aircraft, 
director of Citibank, Citicorp, and Ge Ltd; Lord Aberconway, dep. chmn.; H.V.A. 
Lambert, chmn. Barclay's Bank; Earl of Crawford (Robert A. Lindsay, whose 
mother was a Cavendish - he is also chmn. National Westminister Bank, former 
private secretary to the Secretary of Treasury. Minister of State for Defense, 
Minister of State for Foreign and Commercial Affairs; Lord Astor, whose mother 
was the daughter of Earl of Minto - he is the former chairman of The Times; Sir 
Charles Ball, of Kleinwort Benson, also director of Chubb & Sons., Barclay's Bank, 
Cadbury Schweppe; Sir Alan Dalton, director Natl. Westminster Bank; Duke of 
Devonshire (his mother was a Cecil, one of England's three ruling families since 
the Middle Ages; Sir Derek Holden-Brown, chmn. Allied Breweries, director 
Hiram Walker; J.N.C. James, trustee Grosvenor Estates, which owns large sections 
of London; Henry Keswick, chmn. Matheson & Co.; Lord Kindersley, exec, 
director of Lazard Bros., director of Marconi, English Electric, British Match, 
Swedish Match; Sir Peter Matthews, chmn. Vickers; J.M. Ricchie, chmn. British 
Enkalon, director of Vickers, Bowater Ltd.; Evelyn de Rothschild, chmn. N.M. 
Rothschild & Sons. 

The Rothschilds have had a large position in Vickers for many years. Chmn. 
is Sir Peter Matthews, also director Lloyd's Bank and Sun Alliance; directors are T. 
Neville; Baron Braybrooke; Earl of Warwick (the Salisburys, one of three ruling 
families in England); Sir Alastair Frame, chief exec. Rio Tin to Zinc, director of 



Plessey & Co. UK, and the Atomic Energy Authority. Chmn. of Vickers in 1956 
was Edward Knollys, son of the private secretary to King Edward VII forty years, 
& George V 5 years. 

For more than a century, a widespread belief has been deliberately fostered 
in the United States that the Rothschilds were of little significance in the American 
financial scene. With this cover, they have been able to manipulate political and 
financial developments in this country to their own advantage. In 1837, the 
Rothschilds let their American representative, W.L. & M.S. Joseph, go bankrupt in 
the Crash, while they threw their cash reserves behind a newcomer, August 
Belmont, and their secret representative, George Peabody of London. 
Bermingham notes in "Our Crowd", "In the Panic of 1837, Belmont was able to 
perform a service which he would repeat in subsequent panics, thanks to the 
hugeness of the Rothschild reservoir of capital, to start out in America operating 
his own Federal Reserve System." 

After 1837, August Belmont (Schonberg) was publicly advertised in the 
financial press as the American representative of the Rothschilds. When Belmont 
participated in a financial operation, everyone knew that the Rothschilds were 
involved. When Belmont took no part, and the transaction was handled by J. P. 
Morgan & Co., and or by Kuhn, Loeb Co., everyone "knew" that the Rothschilds 
were not involved. 

George Peabody had established his business in England through his 
connection with Brown Bros, (now Brown Bros. Harriman and Brown, Shipley). 
He had become an unidentified agent for Lord Rothschild as early as 1835. 
Although there is no statue of George Peabody in the Wall Street area, there is one 
in London, just opposite the Bank of England. George Peabody became "the 
favorite American" of Queen Victoria. His old lunchbox occupies a prominent 
place in the London office of Morgan Stanley to this day. By 1861, George 
Peabody had become the largest trader of American securities in the world. To put 
pressure on the Lincoln government, he began unloading them and driving prices 
down. At the same time, J.P. Morgan, allied with Morris Ketchum, was depleting 



the American gold supply by shipping it to England. He ran the price from $126 
ounce to $171 ounce, reaping a good profit, and putting more financial pressure on 
the Lincoln government. This was one of many financial operations directed by 
the Rothschilds for their own political and financial goals. As George Peabody had 
no son to take over his firm, he took on Junius Morgan as partner; Junius' son 
John Pierpont Morgan, became known as "the most powerful banker in the 
world", although his principal role was to secredy carry out commissions for the 
House of Rothschild. 

The New York Times, Oct. 26, 1907, noted in connection with J.P. 
Morgan's actions during the Panic of 1907, "In conversation with the New York 
Times correspondent, Lord Rothschild paid a high tribute to J.P. Morgan for his 
efforts in the present financial juncture in New York. 'He is worthy of his 
reputation as a great financier and a man of wonders. His latest action fills one 
with admiration and respect for him.' " 

This is the only recorded instance when a Rothschild praised any banker 
outside of his own family. 

On March 28, 1932, the New York Times noted, "London : N.M. Victor 
Rothschild, twenty-one-year-old nephew of Baron Rothschild, is going to the 
United States soon to take a post with J.P. Morgan & Co., it was learned tonight. It 
is usual for progressive British bankers to send their young men to western states 
temporarily, one of the most notable believers in the practice being the Anglo- 
American banking house of J. Henry Schroder & Co." 

The Morgan-Rothschild connection explains the otherwise 
incomprehensible mystery of why J.P. Morgan, famed as "the most powerful 
banker in the world", left such a modest fortune at his death in 1913, a mere $11 
million after his debts were secured. Although the present members of the Morgan 
family seem financially secure, none of them is counted among the "big rich". 

In "Brandeis, A Free Man's Life", Arpheus T. Mason notes, "Young Adolph 
Brandeis (Justice Brandeis' father) arrived in New York, travelled for awhile in the 
East and then went on to the Midwest. Young Brandeis' pleasure and facility in 



travel were greatly enhanced by the companionship of a young friend of the Wehles 
then on a business trip to the United States to secure information about American 
investments for the House of Rothschild. Thanks to his companion's contacts and 
letters of introduction, Adolph saw places and met people not accessible to most 
foreigners." 

Bermingham notes in "Our Crowd", "In the autumn of 1874, Baron 
Rothschild summoned Isaac Seligman to his office - some $55 million of U.S. 
Bonds were to be offered by three houses, the House of Seligman, the House of 
Morgan, and the House of Rothschild." This was the first time that the Seligmans 
had been asked to participate in an issue with the Rothschilds. They were more 
than grateful, and thus another ally of the Rothschilds began to operate in America. 

A notable advantage of J.P. Morgan's work for the House of Rothschild was 
the carefully cultivated belief that Morgan, if not openly "anti-Semitic", avoided 
participating in operations with Jewish banking firms, and that his firm would not 
hire anyone of Jewish background. It was the same deception which Nathan Mayer 
Rothschild had hired Morgan's predecessor, George Peabody, to perform in 
London. It was a traditional belief on Wall Street that if you wished to deal with a 
"gentiles only" firm, you went to J.P. Morgan; if you wanted a Jewish firm, there 
were a number of houses available, but the most influential, by far, was Kuhn, 
Loeb Co. In either case, the customer was never made aware that he was dealing 
with an American representative of the House of Rothschild. 

Jacob Schiff, who brought the Kuhn, Loeb firm to its preeminent role in 
American finance, was born in the Rothschild house at 148 Judengasse, Frankfort, 
which the Rothschilds shared with the Schiff family. In 1867, Abraham Kuhn and 
Solomon Loeb, two Cincinnati dry goods merchants, founded the banking house 
of Kuhn, Loeb. In 1875, Jacob Schiff arrived from Frankfurt to join the firm. He 
married Therese, Solomon's daughter. He also brought a large amount of 
Rothschild capital into the firm, enabling it to expand tenfold. In 1885, Loeb 
retired; Jacob Schiff ran the firm from 1885 to 1920, when he died. 



At no time has the House of Rothschild ever indicated publicly that it had 
any interest in the firm of Kuhn, Loeb Co. George R. Conroy stated in TRUTH 
magazine, Boston, Dec. 16, 1912, "Mr. Schiff is head of the great private banking 
house of Kuhn, Loeb & Co., which represents the Rothschild interests on this side 
of the Atlantic. He has been described as a financial strategist and has been for 
years the financial minister of the great impersonal power known as Standard Oil. 
He was hand-in-glove with the Harrimans, the Goulds and the Rockefellers in all 
their railroad enterprises and has become the dominant power in the railroad and 
financial world of America." 

This is one more revelation of the hidden power of the Rothschild interests 
in America. Not only has it directed the Rockefeller enterprises from the time that 
National City Bank of Cleveland, a Rothschild bank, financed the early expansion 
of Rockefeller, South Improvement Co., which enabled him to crush his 
competitors through illegal railway rebates, but it has also been the power behind 
the scenes of the Harriman fortunes (now Brown Brothers Harriman). It explains 
the frequent appointments (never elections) of W. Averill Harriman, the dominant 
power in the Democratic Party, while his partner's son, George Bush, is the 
Republican vice-president, a heartbeat away from the Presidency of the United 
States. It explains the secret writing of the Federal Reserve Act by Paul Warburg of 
Kuhn, Loeb & Co., and the even more secret deals which caused it to be enacted 
into law by Congress. It explains how the United States could fight World War I 
with Paul Warburg in charge of its banking system through the vice chairmanship 
of the Federal Reserve Board; Bernard Baruch as dictator of American industry as 
Chairman of the War Industries Board; and Eugene Meyer financing the war 
through his position as chairman of the War Finance Corporation (printing 
government bonds in duplicate); Kuhn, Loeb partner Sir William Wiseman with 
Col. House correlated British and American intelligence operations; Kuhn, Loeb 
partner Lewis L. Strauss was acting head of the U.S. Food Administration under 
Herbert Hoover. Meanwhile, Paul's brother, Max Warburg, headed the German 
espionage system; another brother was German commercial attache in Stockholm, 



traditional listening post for warring nations, and Jacob Schiff had two brothers in 
Germany who were financing the German war effort. It was a classic case of a 
"managed conflict", with the Rothschilds manipulating both sides from behind the 
scenes. At the Versailles Peace Conference, Bernard Baruch was head of the 
Reparations Commission; Max Warburg, on behalf of Germany, accepted the 
reparations terms, while Paul Warburg, Thomas Lamont and other Wall Street 
bankers advised Wilson and the Dulles brothers on how "American" interests 
should be handled at this all-important diplomatic conference. 

The Rothschilds had decided upon the formula of a "managed conflict" for 
the First World War because of the difficulty they had encountered in defeating the 
Boers from 1899 to 1901. After illegally annexing the Transvaal in 1881, the British 
had been turned back with a resounding defeat at Majuba by Paul Kruger. In 1889, 
because of the discovery of vast wealth in gold and diamonds in South Africa, the 
Rothschilds came back to loot the nation with 400,000 British soldiers pitted 
against 30,000 "irregulars", that is, farmers with rifles, whom the Boers could put 
into the field. The Boer War was started by Rothschild's agent, Lord Alfred 
Milner, against the wishes of a majority of the British people. His plans were aided 
by another Rothschild agent, Cecil Rhodes, who later left his entire fortune to the 
furtherance of the Rothschild program, through the Rhodes Trust, a by no means 
infrequent denouement among Rothschild agents, and the basis of the entire 
"foundation" empire today. 

The British fought a "no prisoners", scorched earth war, destroying farms, 
and mercilessly shooting down Boers who tried to surrender. It was in this war 
that the institution of "concentration camps" was brought to the world, as the 
British rounded up and imprisoned in unsanitary, fever-ridden camps anyone 
thought to be sympathetic to the Boers, including many women and children, who 
died by the thousands. This genocidal policy would next be used by the 
Rothschild-financed Bolsheviks in Russia, who adopted the Boer War concept to 
murder 66 million Russians between 1917 and 1967. There was never any popular 



reaction to either of these atrocities, because of the control of media which makes 
discussion of these calamities a taboo subject. 

The career of Lord Alfred Milner (1854-1925) began when he was a protege 
of Sir Evelyn Baring, the first Earl of Cromer, partner of Baring Bros., bankers, 
who had been appointed Director General of Accounts in Egypt. Baring was then 
the financial advisor of the Khedive of Egypt. Since 1 864, Milner had been active 
in the Colonial Society, founded in London in that year. In 1868, it was renamed 
the Royal Colonial Institute, and was heavily financed by Barclays Bank, and by the 
Barings, Sassoons and Jardine Mathieson, all of whom were active in founding the 
Hong Kong Shanghai Bank, and who were heavily interested in the Asiatic drug 
traffic. The staff economist of the Royal Colonial Society was Alfred Marshall, 
founder of the monetarist theory which Milton Friedman now peddles under the 
aegis of the Hoover Institution and other supposedly "rightwing" think-tanks. 
Marshall, through the Oxford Group, became the patron of Wesley Clair Mitchell, 
who then taught Burns and Friedman. 

In 1884, Milner augmented the work of the Royal Colonial Society with an 
inner group, the Imperial Federation League; both groups now function as the 
Royal Empire Society. Vladimir Halperin, in "Lord Milner and the Empire", 
writes, "It was through Milner and some of his friends that the Round Table 
Group came into being. The Round Table, it should be said, is an authority to this 
day on all Commonwealth interests." He states that Milner raised a considerable 
sum for the work of the Round Table, including 30,000 pounds from Lord Astor, 
10,000 pounds from Lord Rothschild, 10,000 pounds from the Duke of Bedford, 
and 10,000 pounds from Lord Iveagh. Milner launched a magazine called the 
Empire Review, later called the Round Table quarterly. 

Halperin also notes another contribution of Milner, "He played an important 
part in the drafting of the famous Balfour Declaration in December of 1917. It is a 
fact, that, with Balfour, he was its co-author. As far back, as 1915, Milner had 
realized the need for a Jewish National Home, and had never ceased to be warmly 
in favor of its creation. Milner, like Lloyd George, Amery, and many others, saw 



that the Jewish National Home could also contribute to the security of the Empire 
in the Near East." 

The Milner Round Table later became the Royal Institute of International 
Affairs- Council on Foreign Relations combine which exercises unopposed control 
for the World Order over foreign and monetary policy in both the United States 
and Great Britain. Milner trained a group of ambitious young men who became 
known as his "Kindergarten". It included John Buchan, future Gov. Gen. of 
Canada, Geoffrey Dawson, later editor of the Times, and prominent supporter of 
"appeasement" with the "Cliveden Set" (led by Lord Astor, who owned the 
Times); Philip Kerr, 11th Marquess, Lord Lothian, the youngest member of the 
Kindergarten; he served as private secretary to Lloyd George from 1916-20, and 
was given credit as largely responsible for the German provisions of the Treaty of 
Versailles. His Who's Who goes on to say that he played an important part in 
dealing with India, all dominions, and the United States. He was Ambassador to 
the United States 1935-40, and was a close friend of Waldorf and Lady Astor; 
George Jeachim Goschen, a Liberal who was hailed as the greatest Chancellor of 
the Exchequer, head of the Cunliffe Goschen banking house with Lord Cunliffe, 
Governor of the Bank of England. Goschen was also chancellor of Oxford and 
the University of Edinburgh; his brother, Baron Sir Edward Goschen was 
Ambassador to Berlin when Bethmann-Hollweg told him that the Belgian Treaty 
was a mere "scrap of paper;" Leopold S. Amery, who had two sons, Leopold, who 
was executed as a traitor in 1945, and Julian, who married Prime Minister Harold 
MacMillan's daughter, and served as leftwing correspondent on the Spanish Front 
1938-9, Churchill's personal representative to Chiang Kai-Shek, 1945, Round Table 
Conference on Malta, 1955, Council of Europe, 1950-56. The senior Leopold 
Amery is described as "a passionate advocate of British imperialism"; he was on 
the staff of the Times, and wrote a 7 vol. history of the South African War for the 
Times; served in the Cabinet from 1916-22, MP 1911-45, first Lord of Admiralty, 
1922-24, Secretary of State for India, 1940-45, and arranged for India to have 
independence. He was a trustee of the Rhodes Trust. 



The Milner-Rothschild relationship was described in Terence O'Brien's 
biography, "Milner", p. 97, "Milner went to Paris on some business with Alhponse 
de Rothschild.... Business calls in the City included a formal visit to Rothschilds.... 
weekend with Lord Rothschild at Tring, and visit with Edward Cecil, Lord 
Salisbury at Hatfield.... while spending a weekend with Lord Rothschild at Tring a 

Press Lord gave him a sleepless night (no further explanation given) talks with 

Rothschild." Milner attended a Zionist dinner given by Lord Rothschild, sitting 
next to Lawrence of Arabia, who interpreted for him in a talk with King Feisal. On 
p. 364, O'Brien notes, "Milner lost no time in recreating his links with the City. He 
went first to Rio Tinto which reelected him to its Board and before long Rothschild 
asked him to be its chairman." Rio Tinto was one of the key firms in the 
Rothschild empire. Herbert Hoover was also appointed a director of Rio Tinto; 
he would soon be asked to head the "Belgian Relief Commission" which prolonged 
World War I from 1916 to 1918. 

The Milner role in starting the South African War is described in "British 
Supremacy in South Africa". Chap. 1 is headed "Sir Alfred Milner's War," 
explained as follows : "On 19 March Chamberlain telegraphed to him, 'The 
principle object of His Majesty's Government in South Africa is peace. Nothing 
but a most flagrant offense would justify the use of force.'" P. 22, "Milner had 
come to believe that war with the Transvaal was both inevitable and desirable .... 
Milner had at last convinced Chamberlain that British supremacy in South Africa 
would be jeopardized unless the power of the Transvaal was broken." There is the 
evidence that Rothschild's Round Table minion, Milner, cold-bloodedly 
precipitated the Boer war for his master's gain. 

John Hays Hammond, chief mining engineer for the House of Rothschild, 
also was sent to South Africa to precipitate the war. He formed the "Uitianders 
Reform Committee", with Lionel Phillips, head of gold and diamond mining firm 
Eckstein-the Corner House; George Farrar of East Rand Property Mines; and 
Col. Frank Rhodes, brother of Cecil Rhodes. The Committee was financed by Abe 
Bailey, Solly Joel, Barney Barnato, and the Ecksteins, all of whom were big winners 



in the partition of the gold and diamond properties after the war. During this 
activity, Hammond was arrested by Paul Kruger, sentenced to death for promoting 
revolution, and was allowed to leave only after paying a $100,000 fine; he was then 
hired by the Guggenheims at $500,000 year salary, and in 1921 became chief 
lobbyist for the Council on Foreign Relations in Washington. 

Like other enterprises with which the Rothschilds have been connected, the 
Bank of England has been a center of international intrigue and espionage since its 
founding in 1694. Although the Rothschilds did not become associated with the 
Bank until 1812, when Nathan Mayer Rothschild increased his fortune 6500 times 
by taking advantage of false rumors that somehow swept the London Stock 
Exchange, purporting that England had lost at Waterloo. The Bank of England 
originated in a revolution, when William III, Prince of Orange, drove King James 
II from the throne. Since the Bank of England Charter was granted by William in 
1 694, there has never been another revolt against the Crown. The royal family has 
been secure because the source of money, crucial to a revolution, has remained 
under control. 

King Charles II had managed to retain a shaky position because of support 
from the Duke of Buckingham (George Villiers), and others whose first names 
formed the word "CABAL", introducing a new term for intrigue. His successor, 
James II, tried to placate the powerful lords of England, but even his longtime 
supporters, scenting a change of power, began secret negotiations with the Prince 
of Orange. Wilhelm I, Prince of Orange, had been married several times, to Anne 
of Saxony, Charlotte de Bourbon, and Princess de Coligny. Today, every ruling 
house of Europe, as well as those out of power, is a direct descendant of King 
William, including Queen Juliana of the Netherlands, Margaretha, Queen of 
Denmark, Olaf V of Norway, Gustaf of Sweden, Constantine of Greece, Prince 
Rainier of Monaco, and Jean, Grand Duke of Luxembourg, whose son married the 
daughter of C. Douglas Dillon. 

Lord Shrewsbury (Charles Talbot) had been given places by both Charles II 
and James II; nevertheless, he played a leading role in the revolution. He took 



12,000 pounds to Holland to support William in 1688, returned with him, and was 
made secretary of state. Sidney Godolphin, one of James II' s last adherents, joined 
with the Duke of Sunderland and the Duchess of Portsmouth in correspondence 
with William prior to his invasion of England, and was appointed head of the 
treasury by William. Henry Compton, Earl of Northampton, and Bishop of 
London, had been removed by James II; he signed the invitation to William to 
come to England; he was reinstated in his ssee in 1688; his son Francis became 
Lord Privy Seal. John Churchill, first Duke of Marlborough, had entered into 
negotiations with the Prince of Orange in Oct. 1687, and expressed his readiness to 
support him in Aug. 1688. To allay James IPs suspicions, Marlborough then signed 
a renewed oath of fidelity to him Nov. 10, 1688. On Nov. 24, 1688, he joined the 
forces of William of Orange. 

Although William had married Mary, the daughter of James II, and had a 
legitimate claim to the throne of England, he could not take power as long as James 
II was on the throne. Therefore, he entered England with a force of 10,000 foot 
soldiers and 4000 horse, a small force with which to conquer a great kingdom. 
With him were Churchill, Bentinck, (the first Earl of Pordand), Earl of Shrewsbury, 
and Lord Polwarth, whose descendant is a prominent member of the Anglo- 
American banking establishment. James II fled to the court of Louis XIV and was 
declared abdicated. 

Marlborough, ancestor of Winston Churchill (whose former daughter-in-law, 
Pam Harriman, is the leading power in the Democratic Party) is described in The 
Captain General, by Ivor Brown, "The Commissioner of Public Accounts found 
that the Duke of Marlborough had accepted gifts amounting to some 60,000 
pounds from Antonio Machado and Sir Solomon de Medina, contractors for bread 
and wagons for the army abroad, and 272% of all money allotted for payment of 
troops, some 175,000 pounds (later revised to 350,000 pounds)." Marlborough 
claimed it had all been spent for intelligence, but witnesses testified he could not 
have spent more than 5000 pounds for this purpose in all of his campaigns. 
Donald Chandler's biography of Marlborough points out that "The bread 



contractors such as Solomon and Moses Medina, Mynheer Hecop, Solomon 
Abraham, Vanderkaa and Machado, were for the most part Spanish or Dutch Jews 
of varying reliability and venality." Chandler says that they consistendy gave short 
weight or added sand to their corn sacks. For a number of years, Medina, as chief 
army contractor, contributed an annual commission of 6000 pounds a year to 
Marlborough as his rateoff on army contracts. 

In addition to his English supporters, who were previously loyal to King 
James II, William brought with him from Amsterdam the group of avaricious 
financiers who were also the suppliers of his armies. One of his first official acts 
was the conferring of knighthood on Solomon de Medina. Machado and Pereira 
provisioned his armies in Spain and Holland; Medina supplied Marborough in 
Flanders; Joseph Cortissot supplied Lord Galway in Spain, and Abraham Prado 
supplied the British army during the Seven Year War. 

The most important act of William's reign was his granting of the charter of 
the Bank of England in 1694, although most of his biographers omit this salient 
fact. The concept of a central bank which would have the power of note issue, or 
issuing money, had already taken hold in Europe. The Bank of Amsterdam was 
started in 1 609; its members aided William in his conquest of England. The Bank 
of Hamburg was chartered in 1619; the Bank of Sweden began the practice of 
issuing notes in 1661. These banks were chartered by financiers whose ancestors 
had been bankers in Venice and Genoa. As the tide of world power shifted 
northward in Europe, so did the financiers. The Warburgs of Hamburg had begun 
as the Abraham del Banco family, the largest bankers in Venice. 

An interesting technique is revealed by the Charter of the Bank of England - 
it was slipped through as part of a tonnage bill, which was later to become a 
recognized parliamentary technique. The Charter provides that "rates and duties 
upon tonnage of ships are made security to such persons as shall voluntarily 
advance the sum of 1,500,000 pounds towards carrying on the war against France." 

Other European banks, such as the Banks of Genoa, Venice and 
Amsterdam, were primarily banks of deposit, but the Bank of England began the 



practice of coining its own credit into money, the beginning of the monetarist 
movement. The Bank of England soon created a "new class" of moneyed interests 
in the City, as opposed to the power of the old barons, whose fortunes derived 
from their landholdings. Of the five hundred original stockholders, four hundred 
and fifty lived in London. This was the dawn of the preeminence of the "City", 
now the world's leading financial center. For this reason, the Rothschilds identified 
their key American banks with the code word "City". 

Early descriptions of the shareholders of the Bank of England identify them 
as "a Society of about 1300 persons". They included the King and Queen of 
England, who received shares to the value of 10,000 pounds each; Marlborough, 
who invested 10,000 pounds - he also invested large sums from his "commissions" 
in the East India Co. in 1697, and later became Governor of the Hudson Bay 
Company, which paid a 75% dividend; Lord Shrewsbury, who invested 10,000 
pounds; Godolphin, who invested 7000 pounds - he predicted that the Bank of 
England would not only finance trade, but would carry the burden of her wars, 
which was proven true in the next three hundred years. Virginia Cowles writes, in 
"The Great Marlborough", "England emerged from the war as the dominant force, 
because the Bank of England's credit system enabled her to bear the burden of war 
without undue strain." 

Other charter subscribers were William Bentinck, later the first Earl of 
Pordand, he had been a page in William of Orange's household, accompanied 
William to England in 1 670 on his initial visit, handled the delicate negotiations of 
his marriage with Mary in 1677, and prepared the details of William's invasion of 
England. He was given the tide of Earl of Pordand, and became the most trusted 
agent of Williams foreign policy. In 1984, we find the 9th Duke, Cavendish- 
Bentinck, is chmn. of Bayers UK Ltd, and Nuclear Chemie Mittchorpe GMBH, 
Germany; he also had a distinguished career in foreign service, joining the Foreign 
Office in 1922; he represented England at the successive Paris, Hague and 
Locarno conferences, was chmn joint Intelligence for the Chiefs o£ Staff 1939-45, 



and Ambassador to Poland during the critical years of 1945-47, when that country 
was turned over to the Soviet Union, with England's surreptitious support. 

Other charter subscribers to the Bank of England were the Duke of 
Devonshire (William Cavendish) who built Chatsworth; he also had signed the 
invitation to William to assume the throne of England; he was High Steward at 
Anne's Coronation in 1702, and was said to lead a profligate private life - (the 
present duke sold seven drawings in July 1984 for $9.2 million) the 11th Duke 
married Deborah Freeman-Mitford daughter of Baron Redesdale - his present 
brother-in-law, Baron Redesdale, is vice president of Chase Manhattan Bank; the 
Duke of Leeds, Sir Thomas Osborne, who also signed the invitation to William - 
he was lord high treasurer and had arranged the marriage of Mary - he was later 
impeached for receiving a large bribe to procure the charter of the East India Co. 
in 1691 - because of his favored position at court the proceedings were never 
concluded, and he left one of the largest fortunes in England; Earl of Pembroke, 
(Thomas Herbert), who became the first lord of the admiralty, and later lord privy 
seal; Earl of Carnarvon, who is also Earl of Powis and Earl of Bradford; Lord 
Edward Russell, created Earl of Orford 1697; he had joined the service of William 
in 1683, was appointed treasurer of the Navy 1689, first lord of admiralty 1696-17, 
and lord justice 1697-1714 (Sir Robert Walpole, the famed British leader, was 
created Earl of Orford in the second creation); William Paterson, usually credited 
with being the founder of the bank of England — he was forced out within a year; 
Sir Theodore Janssen, who invested 10,000 pounds; Dr. Hugh Chamberlen; John 
Asgill, an eccentric writer and pamphleteer; Dr. Nicholas Barbon, son of Praisegod 
Barebones, who started the first insurance company in Great Britain; John 
Holland, a reputed Englishman who also started the Bank of Scodand in 1695; 
Michael Godfrey, who died at Namur, Belgium on his way to Antwerp to establish 
a branch of the Bank of England — he was the first deputy governor of the Bank of 
England, and nephew of Sir Edward Godfrey, who was murdered by Titus Oakes 
in 1678; Sir John Houblon and twenty members of his family were also early 
stockholders; Sir John became lord of the admiralty, and Lord Mayor of London; 



his brother James was deputy governor of the Bank of England; Salomon de 
Medina, later knighted by William III; Sir William Scawen; Sir Gilbert Heathcote, 
director of Bank of England 1699-1701, and from 1723-25; he was Sheriff and 
later Lord Mayor of London, founded the New East India Co. in 1693; his 
parsimony was ridiculed by Alexander Pope in his quatrains; Sir Charles Montague, 
first Earl of Halifax, and Chancellor of the Exchequer— the present Earl is a director 
of Hambros Bank; Marquess Normandy, John Sheffield, also held the tide of 
Duke of Buckingham-he is buried in Westminster Abbey; Thomas Howard, Earl 
of Arundel, comptroller of the royal household; Charles Chaplin; and the 
philosopher, John Locke. 

In his "The Bank of England, A History", Sir John Clapham notes that by 
1721, a number of Spanish and Portuguese Jews had been buying stock in the Bank 
of England - Medina, two Da Costas, Fonseca, Henriquez, Mendez, Nunes, 
Roderiquez, Salvador Teixera de Mattes, Jacob and Theodore Jacobs, Moses and 
Jacob Abrabanel, Francis Pereira. Clapham notes that since 1751 there has been 
very litde trading in Bank of England stock; it has been very closely held for more 
than two centuries. 

The Bank of England has played a prominent role in American history - 
without it, the United States would not exist. The American colonists considered 
themselves loyal Englishmen to a man, but when they began to enjoy unequalled 
prosperity by printing and circulating their own Colonial scrip, the stockholders of 
the Bank of England went to George III and informed him that their monopoly of 
interest-bearing notes in the colonies was at stake. He banned the scrip, with the 
result that there was an immediate depression in the commercial life of the 
Americas. This was the cause of the Rebellion; as Benjamin Franklin pointed out, 
the little tax on tea, amounting to about a dollar a year per American family, could 
have been borne, but the colonists could not survive the banning of their own 
money. 

The Bank of England and the Rothschilds continued to play a dominant role 
in the commercial life of the United States, causing panics and depressions for the 



Rothschilds whenever their officials were instructed to do so. When the Second 
Bank of the United States expired in 1836, and President Jackson refused to renew 
it, creating great prosperity in the United States when government funds were 
deposited in other banks, the Rothschilds punished the upstarts by causing the 
Panic of 1837. As Henry Clews writes, "Twenty- Eight Years on Wall Street", p. 
157, "The Panic of 1837 was aggravated by the Bank of England when it in one day 
threw out all the paper connected with the United States." 

By refusing to credit American notes and stocks, the Bank of England 
created financial panic among the holders of that paper. The panic enabled 
Rothschild's agents, Peabody and Belmont, to reap a fortune in buying up 
depreciated stocks during the panic. 

The Bank of England has played a prominent role in wars, revolutions, and 
espionage, as well as business panics. When Napoleon escaped from Elba in 1815, 
the London gold market jumped overnight from 41b.6d to 51b.7. The leading 
buyer was Nathan Mayer Rothschild, who was under orders from the British 
Treasury to dispatch gold to the Duke of Wellington, grouping to stop Napoleon. 
After Waterloo, the price of gold dropped. 

During the twentieth century, the most important name at the Bank of 
England was Lord Montague Norman. His grandfather, George Warde Norman, 
had been governor of the Bank of England from 1821-1872, longer than any other 
man; his other grandfather, Lord Collet, was Governor of the Bank of England 
from 1887-89, and managing partner of Brown Shipley Co. in London for twenty- 
five years. In 1894, Montague Norman was sent to New York to work in the 
offices of Brown Bros.; he was befriended by the W.A. Delano family, and lived 
with the Markoe family, partners of Brown Bros. In 1907, Norman was elected to 
the Court of the Bank of England. In 1912, he had a severe nervous breakdown, 
and was treated by Jung in Switzerland. He became deputy governor of the Bank 
of England in 1916, and later served until 1944 as Governor. The Wall Street 
Journal wrote of him in 1927, "Mr. M. Collet Norman, the Governor of the Bank 
of England, is now head and shoulders above all other British bankers. No other 



British banker has ever been as independent and supreme in the world of British 
finance as Mr. Norman is today. He has just been elected Governor for the eighth 
year in succession. Before the war, no Governor was allowed to hold office for 
more than two years; but Mr. Norman has broken all precedents. He runs his 
Bank and his Treasury as well. He appears to have no associations except his 
employees. He gives no interviews. He leaves the British financial world wholly in 
the thick as to his plans and ideas." 

The idea that one individual ran the Bank of England to suit himself, with 
no influences, is too ridiculous to be considered. What about the Rothschilds ? 
What about the other shareholders ? Carroll Quigley, in "Tragedy and Hope" 
notes that "M. Norman said, 'I hold the hegemony of the currency.'- He is called 
the currency dictator of Europe." Lionel Fraser of J. Henry Schroder Wagg notes 
in his autobiography, "All to the Good", that he was in charge of Lord Norman's 
personal investments. He also notes of the firm of Helbert Wagg, former jewelers 
from Halberstadt and now a London banking house (later J. Henry Schroder 
Wagg), "The firm was official brokers on Stock Exchange to the great and all 
powerful House of Rothschild." Both Wagg and Schroder had been in business in 
London for 159 years when they merged in 1960. Another writer notes that Lord 
Norman frequently consulted with J.P. Morgan before making his Bank of England 
decisions. Gordon Richardson, chairman of J. Henry Schroder from 1962-72, then 
became Governor of the Bank of England from 1972-83, when he was succeeded 
by Robert Leigh-Pemberton, chmn. of the National Westminister Bank, also 
director of Equitable - he married into the Cecil-Burghley family. 

The present directors of the Bank of England are : G.W. McMahon, deputy 
governor since 1964, economic analyst Treasury 1953-57, adviser British Embassy 
Washington 1957-60; Sir Adrian Cadbury, chmn. Cadbury Schweppes, dir. IBM 
UK; Leopold de Rothschild, N.M. Rothschild & Sons etc; George V. Blunden, 
exec. dir. Bank of England since 1947, served with IMF 1955-58; A.D. Lochnis, 
dir. J. Henry Schroder Wagg; GA. Drain, member Trilateral Commission, 
treasurer European Movement, Franco-British Council, British North American 



Committee, lawyer for many unions and health associations; Sir Jasper Hollom, 
has been on the board since 1936; D.G. Scholey, chmn. S.G. Warburg Co., Orion 
Insurance, Union Discount of London, Mercury Securities, which now owns S.G. 
Warburg Co. Irwin Holdings; J.M. Clay, dep. chmn. Hambros Bank, chmn. 
Johnson and Firth Brown Ltd; Hambros Life Assurance; Sir David Steel, chmn. 
British Petroleum, dir. Kuwait Oil Co., The Wellcome Trust, trustee The 
Economist (whose chmn. is Evelyn de Rothschild); Lord Nelson of Stafford, 
chmn. GE Ltd. chmn. Royal Worcester Co., Nad. Bank of Australasia, 
International Nickel, British Aircraft, English Electric, Marconi Ltd. chmn. World 
Power Conference, Worshipful Co. of Goldsmiths, Middle Eastern Assn; Lord 
Weir, chmn. The Weir Group, chmn. Great Northern Investment Trust; E.A.J. 
George, exec, dir Bank of England, dir. Gilt-Edged Division Bank of England, 
IMF 1972-72, Bank for International Setdements 1966-69; Sir Hector Laing, 
chmn. United Biscuit, Allied Lyons, Royal Insurance; Sir Alastair Pilkington, chmn. 
Pilkington Bros. Glass, dir. British Petroleum, British Railways Board. 

The Bank of England also dominates the Bank of Scotland, whose chmn. is 
Robert Bruce, Lord Balfour; his title Balfour of Burleigh was created in 1607; he is 
manager of English Electric and Viking Oil; he married the daughter of magnate 
E.S. Manasseh. Directors of Bank of Scotland include Lord Clydesmuir, also dir. 
Barclays Bank, and Rt. Hon. Lord Polwarth, director of Halliburtons, which 
interlocks with the Rothschild First City Bank of Houston and Citibank, Imperial 
Chemical Industries, Canadian Pacific, and Brown and Root Wimpey Highland 
Fabricators, which interlocks with George Wimpey PLC, largest construction firm 
in the British Empire, whose 44 companies have revenues of 1.2 billion pounds per 
year. Lord Polwarth's daughter married Baron Moran, High Commissioner of 
Canada, who previously served as Ambassador to Hungary and to Chad; Baron 
Moran's daughter married Baron Mountevans, manager of Consolidated 
Goldfields. 

Directors of George Wimpey PLC included S.S. Jardine; Viscount Hood, 
who is chmn. Petrofina UK, and director J. Henry Schroder Wagg, and Union 



Miniere; and Sir Joseph Latham, chmn. Ariel International, director Deutsches 
Kreditbank. 

Wimpey Co. interlocks with Schroder Ltd, parent of J. Henry Schroder 
Wagg. The Earl of Airlie (David Ogilvy) is chmn. of Schroder; he married Virginia 
Ryan, grand- daughter of Otto Kahn and Thomas Fortune Ryan; The Earl is also 
director of Royal Bank of Scodand; directors of Schroder include Lord Franks, 
director of the Rockefeller Foundation, the Rhodes Trust, and Kennedy Center; he 
is a former Ambassador to the United States; G.W. Mallinkrodt; Sir E.G. 
Woodruffe of Unlever; and Daniel Janssen of the Bank of England. 

One of the great Rothschild hoaxes was the "disarmament movement" of 
the early 1930s. The idea was not to disarm, but to persuade the nations to junk 
what arms they had so they could later be sold new ones. "The merchants of 
death", as they were popularly known in those days, were never more than errand 
boys for their true masters, "the bankers of death", or, as they were also known, 
"the Brotherhood of Death". In 1897, Vickers, in which Rothschilds had the 
largest holding, bought Naval Construction and Armament Co., and Maxim 
Nordenfeldt Guns & Ammunition Co. The new Vickers-Maxim Co. was able to 
test its products in the Spanish- American War, which was set off byJ&W Seligman 
Co. to obtain the white gold, (sugar), of Cuba; the Boer War of 1899-1901, to seize 
the gold and diamond fields of the Witwatersrand, and the Russo-Japanese War of 
1905, designed to weaken the Czar and make the Communist Revolution 
inevitable. These three wars provided the excuse for tooling up for the mass 
production of World Wars I & II. In 1897, an international power trust was 
formed, consisting of DuPont, Nobel, Koln, and Kottweiler, which divided the 
world into four distinct sales territories. 

The chmn. of Vickers, Sir Herbert Lawrence, was director of Sun Assurance 
Office Ltd; Sun Life Assurance, and chmn. the London committee of the 
Ottoman Bank; directors included Sir Otto Niemeyer, director of the Bank of 
England, and the Anglo International Bank; S. Loewe, the German arms magnate, 
Loewe & Co.; Sir Vincent Caillard, President of the Ottoman Debt Council, 



financial expert on the Near East; and Sir Basil Zaharoff, the "mystery man of 
Europe". 

The highwater mark of "the merchants of death" hoax was reached in the 
Nye Committee Hearings of 1934, copies of which are invariably missing in 
government libraries. Alger Hiss was investigator and counsel for the Committee. 
Typical was Chairman Nye's questioning of Mr. Carse of the Electric Boat Co. (a 
subsidiary of Vickers): "Chmn. NYE: In 1917, Mr. Carse, you drafted a letter to 
help Zaharoff avoid paying income tax on your commissions to him of $766,852. 
There is Exhibit 24, a letter dated Sept. 21, 1917, addressed to Mr. H.C. Sheridan, 
Washington, D.C. Who is Mr. Sheridan, Mr. Carse ? CARSE: He owns the Hotel 
Washington. At that time he was the agent of Vickers Ltd. in this country, and he 
was also a representative of Zaharoff. Mr Sheridan handled Mr. Zaharoff s income 
tax with White and Case. CHMN: Did you know that this was false, that this 
omission of a million dollars referred to was actually Sir Basil Zaharoff s income ? 
CARSE: No, I did not know anything about Zaharoff s income. CHMN: But you 
have told us that a letter by Zaharoff six weeks earlier that 82,000 francs he 
received was his own personal income. CARSE: I do not know what Zaharoff did 
in his business. He did not tell me. CHMN: Did Zaharoff succeed in escaping the 
payment of income tax to the United States ? CARSE: I believe there was some 

settlement made. Sheridan handled it Zaharoff was never a stockholder insofar 

as I ever knew. The men who handle very large stock do not put the stock in their 
own names. CHMN: Zaharoff wrote to you 19 May, 1925, 'I desire no thanks for 
what I have done, because I am bound to attend to the interest of my firm of 
Vickers and the Electric Boat Co. in both of which I am a stockholder. CARSE: I 
know he told me that, but I was never able to trace anything." 

Sen. Clark then pursued questioning on how the armaments firms and oil 
companies promoted wars : "CLARK: So this whole occasion of arming Peru, 
and of the revolution in Bolivia on the basis of arming against Chile was based on 
erroneous rumor ? MR. SPEZAR: That is my impression. CLARK: You wanted 
to interest the large oil companies in financing an armament program for South 



America. CARSE: I was willing to present any proposition the government might 
approve with regard to any oil companies which might be interested." 

The Nye Committee frequendy came back to Zaharoff s activities, referring 
to him as "a kind of superspy in high social and influential circles". For many years 
he exercised great influence on Prime Minister Lloyd George of England. 
Zaharoff, who began his career as a brothel tout and underworld tough, arranged 
for Lloyd George to have an affair with Zaharoff s wife. Arthur Maundy Gregory, 
an associate of Lloyd George, was also a Zaharoff agent. Maundy Gregory for 
many years regularly peddled peerages in London clubs; knighthoods, not 
hereditary, were 10,000-12,000 lbs.; baronetcies went for as high as 40,000 lb., of 
which he paid Lloyd George a standard 5000 lb. each. Maundy Gregory was also 
closely associated with Sir Basil Thompson in British counter-espionage. Zaharoff, 
who was born in 1851 in Constantinople, married one Emily Ann Burrows of 
Knightsbridge. Maundy Gregory then introduced Emily Ann to the insatiable 
Lloyd George. From that time on, he was at Zaharoff s mercy. Although Zaharoff 
was closely associated with Lloyd George throughout World War I until 1922, 
when their association effectively ended Lloyd George's political career, the name 
Zaharoff appears nowhere in Lloyd George's extensive Memoirs. Lloyd George's 
political career came to an end after Zaharoff persuaded him to help the Greeks 
against Turkey in 1920, a disastrous adventure which brought about Lloyd 
George's downfall from political power. George Donald McCormick, in "The 
Mask of Merlin", the definitive work on Lloyd George, states, "Zaharoff kept him 
(Lloyd George) closely informed on the Balkans. During the war, Zaharoff was 
sent on various secret missions by Lloyd George. The Big Three, Wilson, Lloyd 
George and Clemenceau, met in Zaharoff s home in Paris. On one occasion, 
Zaharoff went to German (in 1917) on Lloyd George's personal unstructions, 
disguised in the uniform of a Bulgarian Army doctor. Clemenceau later said, 'The 
information which Zaharoff secured in Germany for Lloyd George was the most 
important piece of intelligence of the whole war.'" Zaharoff was awarded the 
Order of British Empire in 1918 for this mission. McCormick also notes, 



"Zaharoff had interests in Briey furnaces of the Comite des Forges. Throughout 
the war no action was taken against Briey or nearby Thionville, a German area vital 
to the German army. Orders to bombard Briey were cancelled on orders of 
Zaharoff." M. Barthe protested this event in a speech to the French Parliament 
January 24, 1919. 

McCormick found that Zaharoff had made some interesting confessions to 
close associates. He boasted to Rosita Forbes, "I made wars so that I could sell 
arms to both sides." He offered astute political advice to Sir Robert Lord Boothby, 
"Begin on the left in politics, and then, if necessary, work over to the right. 
Remember it is sometimes necessary to kick off the ladder those who have helped 
you to climb it." 

In addition to his Vickers and Electric Boat stock, Zaharoff had large 
holdings in other armaments manufacturers, Krupp and Skoda. The Skoda Works 
of Czechoslavakia were controlled by the powerful Schneider family of Schneider- 
Creusot, headed by Eugene Schneider, whose grand-daughter married the present 
Duke of Bedford. The Nye Committee found that Vickers interlocked with Brown 
Boveri of Switzerland, Fokker, Banque Ottomane, Mitsui, Schneider, and ten other 
armaments firms around the world. Vickers set up a torpedo manufacturing firm, 
Societe Francasies des Torpilles Whitehead, with the former Whitehead Co., whose 
owner, James B. Whitehead, then became English Ambassador to France. Frau 
Margareta von Bismarck was a director of Societe Francasies, as was Count Edgar 
Hoyos of Fiume. 

At its peak in the 1930s, the Vickers network included Harvey Steel, Chas. 
Cammell & co. shipbuilding, John Brown & Co., Krupp and Dillinger of Germany, 
Terni Co. of Italy, Bethehem Steel and Electric Boat in the U.S., Schneider, 
Chatillon Steel, Nobel Dynamite Trust, and Chilworth Gunpowder Co. The 
trustee for the debentures of the armaments firms was Royal Exchange Assurance 
Co. of London, of which E. Roland Harriman of Brown Bros Harriman was a 
director. 



As First Lord of the Admiralty, Winston Churchill obligingly changed the 
fuel of the entire English fleet from coal to oil, as a favor to the Samuel family 
which owned Royal Dutch Shell. 

The most revealing works on the armaments dealers, the Nye Committee 
Hearings, and "Merchants of Death" are now fifty years old. On p. 167 of 
"Merchants" we find that "The Societe Miniere de Penarroya controls the most 
important lead mines of the world, accounting for one-eighth of the world's 
production. Since 1 833 the French bankers, the Rothschilds, have controlled these 
mines, but in 1909 the Rothschild Bank entered into an alliance with the 
Metallgeschaft of Frankfurt, the company in which both the Kaiser and Krupp 
were heavily interested. This company remained under German and French 
control for about two years of the war. At the outbreak of hostilities, 1 50,000 tons 
of lead were shipped from these mines to Germany, via Switzerland. When 
shipments to France were resumed, the price was raised to such an extent that it 
more than doubled the price which the English paid for their lead. Free trade 
between Germany and France in important chemicals, for powder, etc. continued; 
the Swiss supplied both sides with electric power. All along their frontier great 
powerhouses sprang into being, facing Germany from Italy, producing iron, 
bauxite, chemicals and power. Zeiss products were exported to Britain throughout 
the war." 

Dr. Ellis Powell told an audience at Queens Hall, London, March 4, 1917; 
"At the beginning of the war many thousands of German reservists were allowed 
to return to Germany although our Fleet could have stopped them. German 
individuals, firms and companies went on trading merrily in British names, 
collecting their debts, and indirecdy, no doubt, financing German militarism. At 
the very moment when Germans were destroying our property by Zeppelin bombs 
we were actually paying them money instead of taking their holdings as part 
compensation for damage done. In January 1915 came the vicious decision by 
Lord Reading (Rufus Isaacs) and the Appeal Court, according to which the Kaiser 
and Litde William Co. was a good British company, capable of suing the King's 



own subjects in the King's own courts .... The uninterrupted activity in this country 
of the Frankfort Metal Octopus is not an accident ... Let me analyze one lurid case, 
which has stirred public indignation and anger to its depths. I mean the impudent 
survival of the German banks. We have now been at war nearly three years. Yet 
their doors are still open. They sent large quantities of bullion to Germany after 
the war started." 

There was a remarkable amount of goodwill and free trade continuing during 
World War I among the warring nations. Of course the Americans did not wish to 
be left out of the great outpouring of goodwill in which forty million people were 
killed. It was not enough that the Americans were financing the war through their 
Federal Reserve System and the personal income tax, which, as Cordell Hull so 
aptly put it in his Memoirs, "had been passed in the nick of time" before the 
outbreak of the war; nor was it enough that the Americans were feeding the 
"Belgians", actually the Germans, through the Belgian Relief Commission, so that 
the war could be prolonged until the United States became a belligerent. 
Concerned Americans dedicated themselves to the proposition that American boys 
should be killed in the trenches with the British, the French, the Germans and 
other nationalites. 

The warmongers set up three principal organizations to force the United 
States into World War I - the Council on National Defense, the Navy League, and 
the League to Enforce Peace. The Council on National Defense was authorized by 
act of Congress August, 1916, although there was no nation on earth known to be 
contemplating any attack on the United States. Pancho Villa had led a small group 
of bandits against Columbus, N.M., but this raid was hardly an occasion for 
national mobilization. It was a retaliatory strike because of the actions of New 
York bankers in Mexico - the Warburgs held the bonds of the National Railways 
of Mexico; George F. Peabody and Eugene Meyer and Cleveland H. Dodge owned 
the copper mines of Mexico; Seligman & Co. owned Electric Power and Light of 
Mexico. The Mexican Revolution was an uprising against President Porfirio Diaz, 
who had collaborated profitably with the Warburgs and Rockefellers for years. 



Percy N. Furber, president of the Oil Fields of Mexico Ltd. told C.W. Barron, "The 
Mexican Revolution was really caused by H. Clay Pierce, who owned 35% of 
Pierce- Waters Oil Co.; Standard Oil owned the other 65%. He wanted to get my 
property. He demanded of Diaz that he should take off the taxes on oil imports so 
that Standard Oil could bring in products from the U.S. Diaz refused." Furber 
said that he put up the money for Francisco Madero to oust Diaz. Madero was 
then murdered by Victoriano Huerta, the pawn of Lord Cowdray, head of British 
oil interests in Mexico. In the resulting chaos, Villa and Zapata came to the fore, 
resulting in the Columbus raid. 

The Council on National Defense was chaired by Daniel Willard, pres. B&O 
RR; other members were Bernard Baruch, Julius Rosenwald, Samuel Gompers, 
Walter S. Gifford, pres. of AT & T, also director Commission on Industrial 
Preparedness; Hollis Godfrey, pres. of Drexel Institute, married to a Lawrence of 
Boston; and Howard Coffin, pres. of Hudson Motor Car Co. Coffin's secretary, 
Grosvenor Clarkson, ran the Council. Godfrey claims in Who's Who that the 
Council was actually created by himself, Howard Coffin and Elihu Root. 

The principals of the Navy League were J.P. Morgan of U.S. Steel, Charles 
Schwab of Bethlehem Steel, Col. RM. Thompson of International Nickel, and B.F. 
Tracy, attorney for the Carnegie Steel Co. The principals of the League to Enforce 
Peace were Elihu Root, J.P. Morgan's lawyer; Lincoln Filene; Oscar Straus; John 
Hays Hammond, who had been sentenced to death for revolutionary activity in 
South Africa; Isaac Seligman; Perry Belmont, the official representative of the 
Rothschilds, and Jacob Schiff of Kuhn, Loeb & Co. The watchword of these 
millionaire bakers was "preparedness", and Asst. Sec of the Navy Franklin Delano 
Roosevelt was already letting large Navy contracts in 1916, a year before we got 
into the war. 

Col. House wrote to President Wilson from London on May 29, 1914, 
"Whenever England consents, France and Russia will close in on Germany and 
Austria." 



While preparing for war, Woodrow Wilson campaigned in 1916 on the 
slogan, "He kept us out of war". H.C. Peterson notes in "Propaganda for War", 
Univ. Oklahoma Press, 1939, "To a large extent, the 9 million people who voted 
for Wilson did so because of the phrase, 'He kept us out of war.'" Col. House later 
told Viereck that Wilson had concluded an agreement with the British in 1916, long 
before his campaign, to involve us in the war. Roosevelt repeated the process in 
1939. 

When we went into World War I, Wilson appointed his campaign fundraiser, 
Bernard Baruch, head of the War Industries Board. Baruch was later investigated 
by the Graham Committee. He testified, "I probably had more power than 
perhaps any other man did in the war; doubtless that is true." He said of his 
prewar actions, "I asked for an interview with the President. I explained to him as 
earnestly as I could that I was deeply concerned about the necessity of the 
mobilisation of the industries of the country. The President listened very 
attentively and graciously, as he always does, and the next thing I heard, some 
months afterward, my attention was brought to this Council of National Defense." 

"MR. GRAHAM: Did the President express any opinion about the 
advisability of adopting the scheme you proposed ? BARUCH: I think I did most 
of the talking. GRAHAM: Did you impress him with your belief that we were 
going to get into the war ? BARUCH: I probably did. GRAHAM: That was your 
opinion at the time ? BARUCH: Yes. I thought we were going to get into the 
war. I thought a war was coming long before it did. MR. JEFFRIES: Then the 
system you did adopt did not give the Lukens Steel & Iron Co. the amount of 
profit that the low-producing companies did ? BARUCH: No, but we took 80% 
away from the others. MR. JEFFRIES: The law did that, didn't it ? BARUCH: 
The government did that. GRAHAM: What did you mean by the use of the word 
'we'? BARUGH: The government did that excuse me, but I meant we, the 
Congress. GRAHAM: You meant that the Congress passed a law covering that. 
BARUCH: Yes, sir. GRAHAM: Did you have anything to do with that ? 



BARUCH: Not a thing. GRAHAM: Then I would not use the word 'we' if I were 
you." 

Although Baruch played a crucial role in funding Wilson's campaign, in 
1916, he had not ignored Wilson's almost successful opponent, Charles Evans 
Hughes. Carter Field points out, in his biography of Baruch, "My personal view is 
that Baruch would have been tremendously important in the Hughes election, if 
Hughes had been elected in the close election of 1916, both in the conduct of the 
war and in the making of the peace." Field continues, "Under this curious cloak of 
anonymity, Baruch exercised a very unusual type of political power in those early 
Wilson days. He was cultivated by most of the Wilson lights, who speedily found 
out that he could do more for them than they could do by direcdy appealing to 
Wilson. Naturally, there was no publicity for all this." 

Field also says, "For one thing, Wilson not only loved Baruch, he 
ADMIRED him. Mrs. Wilson makes this specific statement in her Memoirs." 

Wilson's relations with others were not always marked by such deep 
affection. David Lawrence, in his biography of Wilson, "The True Story of 
Woodrow Wilson", notes that in June, 1907, former President Grover Cleveland, a 
trustee of Princeton, publicly denounced Wilson's plans to alter the character of the 
school, making a "bitter attack". Cleveland had come to live in Princeton after he 
left the White House, and was deeply attached to the university. He died in the 
summer of 1908. That fall, when Wilson, as president of the school, made his 
annual opening speech, he made no mention of Cleveland's death, nor did he ever 
schedule a memorial exercise, as was the custom when a trustee passed away. 

The Baruch War Industries Board is particularly important to the present 
work, not only because of the dictatorial power exercised by Baruch during the war 
years, but because the WIB members have continued to govern the United States. 
From WIB and the American Commission to Negotiate the Peace came the 
Brookings Institution, which set national priorities for fifty years, NRA and the 
entire Roosevelt administration, and World War II. Working with Baruch at the 
WIB was his asst. chairman, Clarence Dillion of Dillon, Read; Robert S. 



Brookings, chmn. Price Fixing Committee of WIB, later founded the Brookings 
Institution; Felix Frankfurter, chmn. of the War Policies Labor Board; Herbert 
Hoover and T.F. Whitmarsh of the U.S. Food Administration; H.B. Swope, 
publicity agent for Baruch; Harrison Williams; Albert Ritchie, later Gov. of 
Maryland; Gen. Goethals; and Rear Adm. F.F. Fletcher. Goethals was replaced 
by Gen. Pierce, who was then replaced by Gen. Hugh Johnson, who became 
Baruch's righthand man for many years. Field tells us that "Gen. Hugh Johnson 
stayed on Baruch's payroll for two months after he became head of NRA (during 
the New Deal.)" Field quotes Woodrow Wilson as having Baruch at the WIB, "Let 
the manufacturer see the club behind your door." Baruch told the Graham 
Committee, "We fixed prices with the aid of potential Federal compulsion." 

Left out in the Baruch- Wilson mutual esteem society was William Jennings 
Bryan, longtime head of the Democratic Party. Bryan not only opposed our entry 
into World War I - he dared to criticise the family which had organized the war, 
the Rothschilds. Because he dared to mention the Rothschilds, Bryan was 
promptly denounced as "anti-Semitic". He responded, "Our opponents have 
sometimes tried to make it appear that we were attacking a race when we 
denounced the financial policy of the Rothschilds. But we are nor we are as much 
opposed to the financial policy of J.P. Morgan as we are to the financial policy of 
the Rothschilds." 

Because of the secret planning needed to launch a major war, control of the 
communications media was essential. Kent Cooper, president of the Associated 
Press, notes in Life, Nov. 13, 1944, "Freedom of Information", "Before and during 
the First World War, the great German news agency Wolff was owned by the 
European banking house of Rothschild, which had its central headquarters in 
Berlin. A leading member of the firm was also kaiser Wilhelm's personal banker 
(Max Warburg). What actually happened in Imperial Germany was that the Kaiser 
used Wolff to bind and excite his people to such a degree that they were eager for 
World War I. Twenty years later under Hitler the pattern was repeated and 
enormously magnified by DNB, Wolffs successors." 



Cooper later noted in his autobiography, "Barriers Down", "international 
bankers under the House of Rothschild acquired an interest in the three leading 
European agencies. (Havas, France; Reuters, England; Wolff, Germany)." 

On April 28, 1915, Baron Herbert de Reuter, Chief of the Reuters Agency, 
shot himself. The cause was the crash of the Reuters Bank, which had been 
organized by Baron Julius de Reuter, founder of Reuter's, to handle foreign 
remittances without their being subjected to any accounting. He was succeeded by 
Sir Roderick Jones, who says in his autobiography, "Shortly after I succeeded 
Baron Herbert de Reuter in 1915, it so happened that I received an invitation from 
Mr. Alfred Rothschild, then head of the British House of Rothschild, to lunch with 
him in historic New Court, in the City." Jones prudently refrains from telling us 
what was discussed at this meeting. 

Only one member of Congress voted against the U.S. declaration of war 
against Germany in World War I, Jeanette Rankin. She was also the only member 
of Congress to vote against our entry into World War II. Opponents of Wilson's 
action were often beaten and imprisoned. Eugene Debs was sentenced to a long 
prison term. Congressman Charles Lindbergh ran for Governor of Minnesota on a 
platform opposing our participation in the war. The New York Times regularly ran 
scathing denunciations of his campaign. On June 9, 1918, it noted, "Rep. Clarence 
H. Miller denounced Lindbergh and the Non Partisan League as seditious. 
According to Mr. Lindbergh the Liberty Loan is a instrument devised by the 
money sharks. It seems inexcusable that any person allowed to be at large in the 
United States could entertain or epxress such a view of this.'" Harrison Salisbury 
of the New York Times states, "I have searched out the records and they show that 
mobs trailed Charles K. Lindbergh Sr. during his 1918 campaign for the Republican 
nomination for the Minnesota governorship. He was arrested on charges of 
conspiracy along with the Non Partisan Leaguers; a rally at Madison, Minn, was 
broken up with firehoses; he was hanged in effigy in Red Wing, dragged from the 
speaker's platform, threatened with lynching, and he escaped from town amid a 
volley of shots." 



Salisbury neglects to mention that a squad of Federal agents from the Bureau 
of Investigation, led by J. Edgar Hoover on his first important action, attacked 
Lindbergh and his family, dragged out all the copies of Lindbergh's Your Country 
at War, and burned them on the lawn; when young Charles rushed forward to 
stomp out the fire, Hoover knocked him down. 

In the summer of 1917, Woodrow Wilson named Col. House to head the 
American War Mission to the Inter- Allied War Conference, the first such American 
mission to a European council. With House were his son-in-law, Gordon 
Auchincloss, and Paul Cravath, Kuhn Loeb's lawyer. Auchincloss was director of 
Chase Nad. Bank, Solvay, So£ina, and Gross & Blackwell. 

Meanwhile, Walter Lippman and another group were busily working on the 
plans for the League of Nations. Lippmann had founded the American branch of 
the Fabian Society in 1905 as the Intercollegiate Socialist Society, which later 
became the Students for a Democratic Society after a period when it was known as 
the League for Industrial Democracy; James T. Shotwell and other internationalists 
worked with Lippmann on this organization. 

Although the war was going well for those who had promoted it, hostilities 
were ended somewhat abrupdy by the unforeseen intervention of an aide to the 
Czar of Russia, Maj. Gen. Count Cherep-Spiridovich, who says, "I had a long 
discussion with Gen. McDonough, Chief of the War Intelligence Dept. in London; 
I submitted on Sept. 1, 1918 a report advising him peace with Bulgaria would 
provoke an uprising in Slavic Austria, panic in Germany and surrender of her 
armies; my advice was accepted; two weeks later peace was signed with Bulgaria, 
two weeks later Austria was out of the war, two weeks later Germany surrendered." 

L.L. Strauss of Kuhn, Loeb Co. states he was one of four American 
delegates who conferred with the Germans at Brussels in March 1919 on the final 
armistice. On Nov. 11, 1918, the New York Times headlined, "REDS GRIP ON 
GERMANY: Konigsberg, Frankfurt- on-Main, Strassburg now controlled by 
Spartacist Soviets". On Nov. 12, 1918, the New York Times stated, "The 
revolution in Germany is today, to all intents and purposes, an accomplished fact." 



On the same day, the New York Times headlined, "Splendor Reigns Again; Jewels 
Ablaze" - The occasion was a gala evening at the Metropolitan Opera, with Caruso 
and Homer signing Samson and Delilah. Attending were the Otto Kahns with the 
French Consul-General; the George F. Bakers and his sister Mrs. Goadby Loew; 
Cornelius Vanderbilt and his daughters; the Whitneys, the J. P. Morgans, and the 
E.T. Stotesburys; the Fricks; Mrs. Bernard Baruch; her husband was in Europe 
on important business; Mrs. Adolf Ladenburg. These celebrants were also the 
principal investors in American International Corporation, which was financing the 
Bolshevik Revolution in Russia. 

The American Commission to Negotiate Peace predictably included Walter 
Lippmann, the Dulles brothers, the Warburg brothers (Paul from the U.S., Max 
from Germany) L.L. Strauss, Thomas W. Lamont, as well as House, Wilson and 
Wilson's Secretary of State, Robert Lansing, the Dulles' uncle. Their genial host 
was Baron Edmond de Rothschild. Representing France at the Peace Conference 
was Finance Minister Klotz, who, according to Nowell-Baker, had for years been 
usefully employed by the Rothschilds to distribute bribes to the press. The 
Reparations Commission was established Jan. 25, 1919, with Bernard Baruch from 
the U.S., Klotz from France, and Lord Cunliffe, Governor of the Bank of England, 
representing England. Carter Field notes, "Nearly every afternoon Baruch had a 
pleasant session at the Crillon with three or four of his old cronies from the War 
Industries Board." 

Wilson returned to the United States July 8, 1919, laden with one million 
dollars worth of jewelry, gifts from appreciative Europeans as a reward for his 
promise to get the U.S. into the League of Nations. Not a single member of 
Congress had been with him at the Paris Peace Conference. His associates were 
the Fabians of America, Dr. James T. Shotwell, Eugene Delano, and Jacob Schiff. 
Herbert Hoover immediately joined Col. House as the most vociferous advocate of 
our joining the League of Nations. 

Baruch later testified before the Graham Committee; "I was economic 
advisor with the peace commission. GRAHAM: Did you frequendy advise the 



President while there ? BARUCH: Whenever he asked my advice I gave it. I had 
something to do with the reparations clauses. I was the American Commissioner 
in charge of what they called the Economic Section. I was a member of the 
Supreme Economic Council in charge of raw materials. GRAHAM: Did you sit in 
the council with the gentlemen who were negotiating the treaty ? BARUCH: Yes, 
sir, some of the time. GRAHAM: All except the meetings that were participated 
in by the Big Five. BARUCH: And frequently those also." 

The Reparations Commission ordered the Germans to issue four issues of 
bonds, all to be delivered to the Reparations Commission as follows : 1. 20 billion 
gold marks, 5 billion paper marks by May 1, 1921 for the army of occupation. 2. 
War cost of Belgium - 4 billion gold marks due May 1, 1926. 3. 40 billion gold 
marks at 2Y2% interest from 1921-26, to be retired in 1951. 4. a 30-year provisional 
fund of general reparations. (Treaty of Versailles, Financial Clauses 248-63). 

The bankers immediately began to treat these gigantic sums as sources of 
capital, to be monetarised by loans and other negotiable instruments. Lloyd 
George told the N.Y. Journal American, June 24, 1924; "The international bankers 
dictated the Dawes reparations settlement. The Protocol which was signed 
between the Allies and Associated Powers and Germany is the triumph of the 
international financier. Agreement would never have been reached without the 
brusque and brutal intervention of the international bankers. They swept 
statesmen, politicians and journalists to one side, and issued their orders with the 
imperiousness of absolute monarchs, who knew that there was no appeal from 
their ruthless decrees. The settlement is the joint ukase of King Dollar and King 
Sterling. Dawes report was theirs. They inspired and fashioned it. The Dawes 
Report was fashioned by the Money Kings. The orders of German financiers to 
their political representatives were just as peremptory as those of allied bankers to 
their political representatives." 

Although the reparations clauses achieved the desired result of forcing the 
Germans to fight a Second World War, the primary result was the formation of a 
"front" world government, the League of Nations, while in the background the 



conspirators established their real governing body, the World Order, through the 
Royal Institute of International Affairs, and its American subsidiary, the Council 
On Foreign Relations. 

In 1 895, Cecil Rhodes, South African agent of the Rothschilds, established a 
secret society whose avowed purposes was as follows : "In the end Great Britain is 
to establish a power so overwhelming that wars must cease and the Millennium be 
realized." To achieve this goal, he left $150 million to the Rhodes Trust. The 
Rothschild already had a group with similar aims, the Round Table, set up by Lord 
Alfred Milner, into which J.P. Morgan had been recruited in 1899. 

The Council on Foreign Relations Handbook of 1936 states, "On May 30, 
1919, several leading members of the delegations to the Paris Peace Conference 
met at the Hotel Majestic in Paris to discuss setting up an international group 
which would advise their respective governments on international affairs. The U.S. 
was represented by Gen. Tasker H. Bliss (Chief of Staff, U.S. Army), Col. Edward 
M. House, Whitney H. Shepardson, Dr. James T. Shotwell, and Prof. Archibald 
Coolidge. Great Britain was unofficially represented by Lord Robert Cecil, Lionel 
Curtis, Lord Eustace Percy, and Harold Temperley. It was decided at this meeting 
to call the proposed organization the Institute of International Affairs. At a 
meeting on June 5, 1919, the planners decided it would be best to have separate 
organizations cooperating with each other. Consequendy, they organized the 
Council on Foreign Relations, with headquarters in New York, and a sister 
organization, the Royal Institute of International Affairs, in London, also known as 
the Chatham House Study Group, to advise the British Government. A subsidiary 
organization, the Institute of Pacific Relations, was set up to deal exclusively with 
Far Eastern Affairs. Other organizations were set up in Paris and Hamburg, the 
Hamburg branch being called the Institut fur Auswartige Politik, and the Paris 
branch being known as Centre d'Etudes de Politicque Etrangere, at 13 Rue de 
Four, Paris VI." The Hamburg branch was established, of course, because of the 
Warburg family bank there. 



Having dominated the Paris Peace Conference, Baron Edmond de 
Rothschild saw the establishment of the World Order through these groups as the 
crowning achievement of his life. The "founders" of the RIIA were, one and all, 
Rothschild men; honorary chairman of the GFR was Elihu Root, lawyer for 
Morgan and Kuhn, Loeb Co.; Alexander Hemphill, a Morgan banker, and Otto 
Kahn of Kuhn, Loeb Co. 

The founders of the RIIA were Rothschild's principal South African agents; 
Sir Otto Beit, trustee of Rhodes Estate and director of British South Africa Co.; 
Percy Alport Molteno, son of the first Premier of Cape Colony; Sir Abe Bailey, 
owner of the Transvaal Mines, who worked closely with Sir Alfred Milner in 
starting the Boer War; John W. Wheeler-Bennett, who became Gen. Eisenhower's 
political adviser at SHAEF London 1944-45; Sir Julien Cahn; and Lionel Curtis, 
colonial secretary of the Transvaal, who gave his address as the Round Table, 175 
Picadilly Rd., London. He was later appointed Beit lecturer on the colonial history 
of South Africa. 

Other founders of RIIA included four members of the Astor family - 
Viscount Astor, Hon. F.D.L. Astor, ML. Astor, and H.J.J. Astor, the latter being 
chmn of The Times and director of Hambros Bank. The first President of RIIA 
was Lt. Col. RW. Leonard, president of the Coniagas Mines. The Lord Patron was 
Her Majesty the Queen. All Prime Ministers and Viceroys of the Colonies since 
1923 have been Honorary Presidents of RIIA. Stephen King Hall, in his definitive 
work, "Chatham House," says, "The Prince of Wales graciously accepted the office 
of Visitor. This appointment secured that the Institute could never be perverted to 
party or propaganda purposes." 

The 1934 list of members of RIIA included Sir Austin Chamberlain, Prime 
Minister, Chancellor of the Exchequer, Lord Privy Seal, and Secretary of State for 
Foreign Affairs; Harold MacMillan, who married the daughter of the Duke of 
Devonshire and later became Prime Minister, and Lord Eustace Percy, Duke of 
Northumberland. The 1942 membership list includes Sir Roderick Jones, head of 
Reuters; G.M. Gatheren-Hardy; Sir Andrew McFadyen, chmn. North British 



Borneo Co. and United Rubber Estates - he served with the British Treasury 1910- 
1917, represented the Treasury at the Paris Peace Conference 1919-20, was Gen. 
Secretary of the Reparations Commission, 1922-25; Commissioner of Controlled 
Revenues Berlin 1924-30, later with S.G. Warburg Co.; Col. Vickers; and Lord 
Brand, managing director Lazard Bros., who married Lady Astor's sister, Phyllis 
Langhorne, was dep. chmn. British Mission in Washington 1917-18, financial 
adviser to Lord Robert Cecil, chmn Supreme Economic Council at the Paris Peace 
Conference; George Gibson, dir. Bank of England; John Hambro of Hambros 
Bank; Lord Derby (Edward Villiers), Lord of Treasury, Secretary of State for War, 
1916-1918, who had a 69,000 acre estate in Lancashire; and Lord Cromer (Baring). 

During its early years, RIIA was principally funded by the Rothschilds 
through donations funnelled through Sir Abe Bailey and Sir Alfred Beit, with about 
5100,000-year; since then, it has been funded with many millions of dollars by the 
Rockefeller Foundation and the Carnegie Corporation. 

In 1936 the RIIA $400,000 budget was also funded by the following 
corporate subscribers: N.M. Rothschild & Sons; British South Africa Co.; Bank of 
England; Reuters News Agency; Prudential Assurance Co.; Sun Insurance Office 
Ltd; and Vickers- Armstrong Ltd.; all of which were known as Rothschild 
enterprises. Other subscribers were J.Henry Schroder Co., Lazard Freres, Morgan 
Grenfell, Erlangers Ltd., and E.D. Sassoon Co. 

A number of popular books now in circulation claim that the Council on 
Foreign Relations is the secret government of the United States. Nothing could be 
more incorrect. The members of the Council on Foreign Relations have never 
originated a single item of policy for the U.S. Government. They merely transmit 
orders to our government officials from the RIIA and the House of Rothschild in 
London. It is true that the CFR comprises a ruling elite in the United States, but 
they are mere colonial governors absolutely responsible to their overseers in the 
World Order. However, every prominent American mentioned in the present 
book is a member of the CFR, and therefore it is not necessary to note it each time 
a name is mentioned. Not only do they transmit orders to the White House, the 



Cabinet, the Federal Reserve Board of Governors, and other government 
institutions, but they also maintain absolute control of the foundations, whose duty 
it is to formulate policy or organize it in acceptable form to be transmitted to the 
government. Shoup's "Imperial Brain Trust", 1969, notes that the CFR includes 22 
trustees of Brookings Institution, 29 at Rand, 14 at Hudson, 33 at Middle East 
Institute, 14 of 19 trustees of the Rockefeller Foundation, 10 of 17 at Carnegie, 7 of 
16 at Ford Foundation, 6 of 11 at Rockefeller Bros. Fund. This proves that the 
CFR runs these major foundations. In the academic world, CFR members number 
58 on the faculty at Princeton, 69 at the University of Chicago, and 30 at Harvard. 
Of the banks which are the principal owners of Federal Reserve Bank stock, 
directors of Chase include 7 CFR members, 8 at J.P. Morgan, 7 at 1st Nad. City 
(now Citibank), 6 at Chemical Bank, and 6 at Brown Bros. Harriman. 

The 1968 list of GFR members included John J. McCloy, chmn. of the 
board; Frank Altschul, secretary and vice-pres.; David Rockefeller vice-pres.; and 
directors Robert V. Roosa, Douglas Dillon, and Allen Dulles. McCloy also served 
as chmn. Ford Foundation 1953-65, director of the Rockefeller Foundation, and 
personal lawyer to the Rockefeller family interests. His career is typical of a leading 
official of the World Order. While a student at Harvard, he became a protege of 
Felix Frankfurter. He joined the firm of Cravath, Swaine & Moore, lawyers for 
Kuhn, Loeb Co. where he remained from 1925-40. In 1940 Frankfurter 
recommended him to Henry Stimson as Asst. Sec. of War, where he remained 
from 1941-45. He wrote and issued the infamous War Dept, directive that military 
officers must disregard political views of servicemen "unless there is a specific 
finding that the individual involved has a loyalty to the Communist Party which 
overrides his loyalty to the U.S." Senator McCarthy termed this directive 
"treasonable". 

McCloy succeeded Eugene Meyer as president o£ the World Bank from 
1947-49, was appointed High Commissioner of Germany where he served from 
1949-52, was chmn. of the board Chase Nad. Bank from 1953-61, and 
Rockefeller's attorney since then. He is a director of Union Pacific, Westinghouse, 



ATT, Dreyfus, Squibb, & Mercedes-Benz. He married Ellen Zinsser, who is not 
otherwise identified in McCloy's 1947 Current Biography; in the 1961 issue, she is 
identified as the niece of Hans Zinsser, a bacteriologist. This is odd, because she is 
also the daughter of John Zinsser, partner of J.P. Morgan Co., and chmn. of the 
board of Sharp & Dohme chemicals. It is an interesting footnote to history that 
the son-in-law of a J.P. Morgan partner should be appointed U.S. High 
Commissioner of a vanquished Germany. 

The New York Times noted on Aug. 6, 1965, "J.J. McCloy Proposes 
Foundation Pattern for European Giving". He stated at Salzburg, "I wish that 
there could be erected in Europe a complex of foundations whose representatives 
could exchange thoughts with those of American foundations and thus form a sort 
of informal approach to some of the great problems of the day." "Informal" is the 
code word of the World Order. It means "issuing from world headquarters". 
McCloy did not state the obvious, that five men control all of the major U.S. 
foundations, and that he wished they could have the same system in Europe. 

The RIIA has worked closely with the London School of Economics, which 
was set up as a training school for the World Order bureaucrats. The school was 
established in 1920 with financial aid from the Rothschilds and Sir Julius Wernher. 
Sir Ernest Cassel later gave the school 472,000 pounds. Prof. J.H. Morgan wrote in 
Quarterly Review, Jan. 1939, "When I once asked Lord Haldane why he persuaded 
his friend Sir Ernest Cassel, grandfather of Lady Mountbatten, to setde by his will 
large sums on the London School of Economics, he replied, our object is to make 
this institution a place to raise and train the bureaucracy of the future Socialist 
State." Sir William Beveridge, author of Great Britain's ruinous Cradle to the 
Grave political program, was director of the London School of Economics from 
1920-1937. 

The British Empire has prospered on piracy, slavery and the drug traffic. 
Drakes' Pirates became the Merchants Adventurers Co. (Sebastian Cabot) which 
later became the Chartered Co. of East India. It was reorganized in 1700. It 
originally paid the Hong of Canton silver for tea, but discovered they would accept 



opium instead. This fortuitous arrangement encountered resistance from some 
Chinese leaders, causing England to prosecute ten Opium Wars against China, 
from the Opium War of 1840-43 to the Manchurian Conquest of 1931. 

In 1715 the British East India Co. opened its first Far East office in Canton. 
Crown Policy deliberately fostered opium addiction among the natives to facilitate 
British political control. The British Empire was then threatened with bankruptcy 
if it lost the American colonies. In order to defeat the rebels, the profits of the 
opium trade with China were sent to the Elector of Hesse via Mayer Amschel 
Rothschild to hire 16,800 Hessian troops. Thus the drug traffic and the 
Rothschilds played a pivotal role in American history, although it has been ignored 
or deleted from the history books. 

David Ricardo, father of the quantity theory of money and the "rent", or 
loot theory, was on the Court of Proprietors of the East India Co. He had John 
Stuart Mill appointed as Chief Examiner. The colonial minister of England during 
the Opium Wars was Edward Bulwer Lytton, who wrote the Treaty of Nanking in 
1842, bringing England E21 million in silver and control over the free port of 
Hong Kong. Britain then allied with the Hong Society, the Triads and Assassins, to 
rule the Chinese to the present time. Bulwer Lytton's son was Viceroy of India 
during the 1880s at the height of the opium trade, and sponsored Rudyard 
Kipling's writings about the British Raj in India. The profiteers from the drug 
trade included William, Earl of Shelburne, who organized Britain's first Intelligence 
Service, whose agents were drawn from Britain's leading families. Its chairman was 
George Baring, and it employed Adam Smith, Jeremy Bentham, and Thomas 
Malthus. The Geneva headquarters was run by the Mallet Prevost family, whose 
descendants include Allen Dulles of the CIA. 

Basil Lubbock's work, The Opium Clippers, 1933, lists the principal owners 
of British vessels engaged in the opium trade, with color illustrations of their flags. 
Most of them were ex-slavers. No. 1 was Hon. East India Co. (known to the 
Chinese as Hon John Co.); 2. Jardine Matheison; 3. Dent & Co.; 4. Pybus Bros.; 



5. Russel & Co.; 6. Cama Bros.; 7. Duchess of Atholl; 8. Earl of Balcarras; 9. 
George IV; 10. Prince Regent; 11. Marquis of Camden; 12. Lady Melville. 

On Feb. 1, 1927, the New York Times noted the passing of Sir Robert 
Jardine, "the son and heir of the late Sir Robert Jardine, and succeeded his father as 
the head of Jardine Mathieson & Co. Hong Kong which for a long time held 
almost a monopoly in the importation of Indian opium into China." Sir Robert 
had inherited $20 million and 20,000 acres in Scotland. Dr. William Jardine had 
settled in Canton in 1819. 

The present Duke of Atholl owns 202,000 acres at Blair Casde, and is the 
only person in England authorized by the Crown to maintain a private army. Lady 
Melville's ancestor, George, the first Earl, welcomed William of Orange to the 
throne in 1688 and was appointed Lord Privy Seal. 

In Paris, Banque Rothschild directors include Elie de Rothschild, director of 
New Court Securities, Banque Leumi de Israel, Five Arrows Fund N.V. Curacao; 
Alain de Rothschild, Five Arrows Fund Guracao, Banque Lambert de Bruxelles; 
Guy de Rothschild - Rio Tinto Zinc, New Court Securities, NY.; Sir James 
Goldsmith; Hubert Faure, Ambassador to Colombia, pres. Schneider Madrid and 
ten Otis companies; Bernard de Villemejane, pres. Imetal, director Copperweld. 
Sir James Goldsmith is also chmn. Generale Occidentale which owns Grand Union 
and Colonial food stores in the U.S., Cavenham USA and Banque Occidentale; its 
directors include David de Rothschild (son of Guy), who is also director of 
Compagnie du Nord and Societe de Nickel. 

Through the Belgian branch of the Rothschild family, we can trace the 
influence of the Rothschilds in Africa during the past century. Baron Leon 
Lambert financed King Leopold's Belgian empire; the Congo Syndicate included 
Baron Empain (l'compagnie d'Orient) F. Philippson & Co., and Banque Outremer. 
This syndicate was allied with Banque de Paris, the Anglo-Italian Group, and the 
Peking Syndicate. The Congo empire camel into being in 1885 after Leopold had 
financed Stanley's explorations. It included an area the size of Poland, and 
produced fabulous returns from Congo rubber, ivory and slaves. Later the Union 



Miniere acquired vast copper mines, the Compagnie de Katanga. One of their 
most ruthless agents was Emile Francqui, who later became Hoover's partner in 
China and in the Belgian Relief Commission; his name survives at Congo's Port 
Francqui. The Congo interests are now controlled by the Lamberes through 
Societe Generale de Banque, which merged the Societe Generale de Belgique, the 
oldest bank in Brussels, founded in 1822, and Banque d'Anver, founded 1827; its 
secretary is Baron Fauconval, a director of the Rockefeller Foundation. Societe 
Generale acquired Union Miniere in Dec. 1981; in 1972 it had acquired Compagnie 
Outremer, formerly Banque Outremer, and in Dec. 1964, had acquired 25% of 
SOFINA, Societe Financier de Transport & Enterprises Industrielles, the largest 
holding company in Europe. These firms are controlled by the Rothschild bank, 
Banque Bruxelles Lambert, founded in 1840 by Baron Lambert. The present 
Baron is director of Soceite Generale de Banque, and president of Compagnie 
Generale d'Enterprises Electricque which owns fifty power companies. 

Banque Lambert de Bruxelles is also the Lambert of the Wall Street firm of 
Drexel Burnham Lambert, owning 1 9% of it. 

Gerard Eskenazi is director of Compagnie Generale; he is also managing 
director of Electrorail S.A., a holding company for Schneider S.A., European 
Trading and African Corp., and Canadian Investment Trust. The president of 
Electrorail is Baron Empain. Eskenazi is also director of Compagnie International 
des Wagons Lits (Thomas Cook travel agency). Baron Edouard Empain and his 
son Baron Francois Empain are also directors of Compagnie Generale. 

Another Belgian holding company, Delhaizes Frere et Cie Leon, established 
1867, now owns Food Giant and Food Town Stores in the U.S., renamed Food 
Lion. 

Through Banque Bruxelles and its interlocking companies, the Rothschilds 
effectively control Belgium. They also interlock with the Thurn und Taxis interests 
in Germany. Prince Johannes Erbprinz Thurn und Taxis is said to be the richest 
man in Europe, controlling Bayerische Vereinsbank, fourth largest bank in 
Germany, which has four subsidiaries in Frankfurt, including Bankhaus Gebruder 



Bethmann. Bethmann-Hollweg of this family had been Chancellor under Kaiser 
Wilhelm, and had set off World War I. He was a cousin of the Rothschilds. 
Bayerische Vereinsbank also owns controlling interest in Banque de Paris et dea 
Payes, and Banque de l'Europeene Paris. Thurn und Taxis is a direct descendant of 
William of Orange, who chartered the Bank of England; his mother, the Princess 
of Braganza of the former ruling house of Portugal, has three direct family 
connections with the present House of Windsor; Prince Thurn und Taxis also has 
four connections with the House of Windsor. 

The Thurn und Taxis family has enjoyed eight hundred years of prominence 
in Europe. Originally Tasso of Bergamo, they later emigrated to Brussels. They 
supervised the postal service and intelligence of the Most Serene Republic of 
Venice, and later fulfilled the same post in the Hapsburg Empire. The present 
Prince has huge estates in Brazil; he is the financial adviser of the Rolling Stones; 
and his palace of St. Emmerans is larger than Buckingham Palace; it costs 2.5 
million DM a year to maintain. The Regensburg branch of the family was allied 
with the Fuggers and the Wessers. They now finance the Pan European Union 
which is headed by the Hapsburg heir, Archduke Otto, and the Mont Pelerin 
Society, a subsidiary of Pan Europe. 

The House of Hesse, which played such a crucial role in the founding of the 
Rothschild fortune, and in the founding of America, seldom appears in the news. 
On Nov. 17, 1937, six members of the family were killed in the crash of a Sabena 
airliner at the fog-shrouded Ostend airport. The head of the family, Grand Duke 
Ernst Ludwig (who had tried to end World War I by a desperate mission into 
Russia to confer with the Czar) had died on Oct. 9, causing the postponing of 
Prince Ludwig's marriage to Margaret Campbell Geddes in London for seven 
weeks. Grand Duke George, the new head of the family, his wife Princess Cecilia 
of Greece and Denmark, two sons and the Dowager Duchess, as well as the newly 
born son of Princess Gecilia, were all killed. The child's unexpected arrival 
apparently caused the tragedy, as the pilot tried to land at Ottend, an unscheduled 
stop. Prince Ludwig, social attache at the German Embassy in London, went 



ahead with the wedding on the following day; his best man was his cousin Prince 
Louis Mountbatten. Two princes of Hesse had married two daughters of Queen 
Victoria; Beatrice had married Prince Henry of Battenberg; grandfather of the 
present husband of Queen Elizabeth. 

Prince Ludwig's father-in-law, Sir Auckland Campbell Geddes, also had a 
Rothschild connection; he was chmn. of Rio Tinto. He served as Minister of 
National Service, 1917-19, British Ambassador to the U.S., 1920-24. His brother, 
Sir Eric Geddes, was a member of the Imperial War Cabinet and First Lord of the 
Admiralty 1917-18, Minister of National Transport 1919-21, and later chmn. 
Imperial Airways and Dunlop Rubber. His son, Sir Anthony Geddes, married into 
the Matthey family, became director of the Bank of England, dep. chmn. Midland 
Bank, director Shell Transport & Trading, and is now chmn Dunlop Holdings. Sir 
Auckland's son, the 2d Baron, was with Shell Oil 1931-46, British Merchant 
Shipping Mission in Washington, 1942-44, Minister of War Transport, 1944-45, 
and is now director of Peninsular & Orient Steamship Lines. 

On June 7, 1946, the New York Times headlined a front page story from 
Frankfort-on-Main; the army was seeking $1,500,000 in stolen jewels, later revised 
to $3 million value. The jewels, belonging to the House of Hesse, had been hidden 
in their cellar of their casde in 1944. They belonged to Princess Margaretha, sister 
of Kaiser Wilhelm. A party of U.S. Army officers had held a party at the Hesse 
casde to celebrate the anniversary of D-Day. During the party, they discovered 
1600 botdes of wine buried in the cellar; beneath the wine they found the jewels. 
Ten of the celebrants drank the wine and divided up the jewels. Maj. Gen. J.M. 
Bevans, who was reprimanded, later returned his part of the loot. Wac. Captain 
Kathleen Durant and her husband, Col. J. Durant were tried after two quarts of 
diamonds were dug up in the backyard of their Falls Church home. Maj. David 
Watson also was sentenced; he had been previously awarded the Bronze Medal 
personally by Gen. Eisenhower for his supply work, and also received the Russian 
Medal for Battle Merit from Marshal Zhukov. 



The House of Hesse is also known for the Curse of Hesse, their 
introduction of the family disease of hemophilia into many of the ruling houses of 
Europe, particularly the Spanish Royal Family and the Romanov family in Russia. 

Old Mayer Amschel's heritage has survived intact, according to the 
Washington Post, Dec. 20, 1984, which notes that Frankfurt-am-Main is the 
financial capital of Germany, headquarters of the five dominant German banks, 
with 175 foreign banks established there. It also is headquarters for the Central 
Bank, and the country's largest stock exchange. Like Manhattan, it is also a center 
of vice and corruption, with sex shops, drugs, and frequent riots because of the 
presence of 11,000 American occupation troops. 

Penetration of the United States is shown by a fullpage ad in the Wall Street 
Journal Dec. 21, 1984, a solicitation to purchase all the outstanding shares of 
Scovill, Inc. by First City Properties, Inc. with the deal managed by Rothschild, 
Inc. One Rockefeller Plaza, New York. "First City" is the Rothschild code for 
banks originating under their influence from the "City of London" financial 
district. First City Properties, Beverly Hills, Calif, is headed by Samuel Belzberg, 
who also heads First City Financial Corp. Vancouver, First City Trust, Edmonton, 
and First City Development Ltd. He is a director of Dead Sea Canal Co. The 
Belzbergs started in Canada with a used furniture store (rag and bone men), and are 
now influential wheeler dealers on the American stock market. 

Rothschilds Inc., established at the Rockefeller address, is successor to 
Banque Rothschild of Paris. Its co-chairmen are Guy de Rothschild and Evelyn de 
Rothschild. Directors are Lord Rothschild, head of N.M. Rothschilds & Sons, 
London; David de Rothschild, Nathaniel de Rothschild, Eric de Rothschild; 
Thomas L. Piper III, sr. vp Dillon Read and manager of the Rothschild's New 
Court Securities; its managing director is Wilbur L. Ross Jr., who is also director of 
Peabody International, and N.M. Rothschild's & Sons International. Other 
directors of Rothschild International include John Loudon, former chairman of 
Shell Oil, director of Ford Motor Co., the Ford Foundation, Orion Bank and 
chairman of Adantic Institute. He is a Grand Officer of the Order of Orange- 



Nassau, a group formed to commemorate the chartering of the Bank of England 
by William of Orange in 1694. Another director of Rothschild Inc. is G. Peter 
Fleck, born in Amsterdam, chairman New Court Securities, formerly with 
Erlangers, and the Banque de Pays de L'Europe Central of Paris, cited by Higham 
as a key bank during Nazi occupation of France. Fleck is also officer of the Order 
of Orange-Nassau. 

Banque de Pays de L'Europe of Paris, (Paribas) was recendy bought by 
Merrill Lynch. Paribas bought 50% of Dillon Read Ltd. in a consortium with 
Bruxelles Lambert (the Belgian Rothschilds), the Power Group and the Laurentian 
group of Canada, the Tata Group of India, Elders IXL holding company of 
Australia, Swiss Bank Cantrade, and two British groups, Investors in Industry, a 
Bank of England group with nine English and Scottish banks, and the British 
postal pension fund. 

Power Corp. of Canada directors included G. Eskenazi, of Belgian 
Rothschild firms, and William Simon, former Secretary of the Treasury of the U.S. 
The "Canadian connection", the Belzbergs and Bronfmans, demonstrates the 
growing power of the Rothschilds in billion dollar mergers and takeovers of U.S. 
industry, including DuPont. These mergers recall the same kind of activity taking 
place in 1929, just before the stock market debacle, and represent the battening 
down of the hatches before the storm. 

CHAPTER TWO Soviet Russia 

Soviet Russia was allowed to emerge from the destruction of World War II 
as one of the victors, solely because she was needed as the next "evil empire" 
against which the civilized West could launch a new Crusade. Because Russia was 
bankrupt, had lost 40 million of her population in the war, plus another 66 million 
murdered by the Bolsheviki since 1917, and was unable to feed herself, once again 
the World Order was obliged to step in with enormous subsidies of food and 



material from the U.S., in order to maintain an "enemy power". The Belgian Relief 
Commission of 1916 became the Marshall Plan of 1948. Once again, the loads of 
supplies were shipped into Europe, ostensibly for our Allies, but destined to 
maintain the Soviet bloc. 

Although Jacob Schiffs personal agent, George Kennan, had regularly 
toured Russia during the latter part of the nineteenth century, bringing in money 
and arms for the Communist revolutionaries (his grandson said that Schiff had 
spent $20 million to bring about the Bolshevik Revolution) more concerted aid was 
called for to support an entire regime. Kennan also aided Schiff in financing the 
Japanese in the Russo-Japanese War of 1905; the Japanese decorated Kennan with 
the Gold War Medal and the Order of the Sacred Treasure. In 1915, the American 
International Corporation was formed in New York. Its principal goal was the 
coordination of aid, particularly financial assistance, to the Bolsheviks which had 
previously been provided by Schiff and other bankers on an informal basis. The 
new firm was funded by J. P. Morgan, the Rockefellers, and the National City 
Bank. Chairman of the Board was Frank Vanderlip, former president of National 
City, and member of the Jekyll Island group which wrote the Federal Reserve Act 
in 1910; directors were Pierre DuPont, Otto Kahn of Kuhn, Loeb Co., George 
Herbert Walker, grandfather of Vice President George H. Bush, William 
Woodward, director of the Federal Reserve Bank of New York; Robert S. Lovett, 
righthand man of the Harriman-Kuhn, Loeb Union Pacific Railroad; Percy 
Rockefeller, John DiRyan, J.A. Stillman, son of James Stillman principal organizer 
of the National City Bank; A.H. Wiggin, and Beekman Winthrop. The 1928 list of 
AIC directors included Percy Rockefeller, Pierre DuPont, Elisha Walker of Kuhn, 
Loeb Co., and Frank Altschul of Lazard Freres. In their program of aiding the 
Communists, AIC worked closely with Guaranty Trust of New York (now Morgan 
Guaranty Trust). Guaranty Trust's directors in 1903 included George F. Baker, 
founder of the First National Bank; August Belmont, representative of the 
Rothschilds; E.H. Harriman, founder of Union Pacific Railroad; former vice 
president of the U.S., Levi Morton, who was a director of U.S. Steel and the Union 



Pacific; Henry H. Rogers, partner of John D. Rockefeller in Standard Oil, also a 
director of Union Pacific; H. McK. Twombly, who married the daughter of 
William Vanderbilt, and was now the director of fifty banks and industries; 
Frederick W. Vanderbilt, and Harry Payne Whitney. 

No one would seriously believe that bankers of this magnitude would 
finance an "anti-capitalist" revolution for the Communists, yet this is exactly what 
happened. These same men financed Woodrow Wilson's political campaigns, and 
it was these same men to whom Wilson referred in his opening address to the Paris 
Peace Conference, when he said, "There is moreover a voice calling for these 
definitions of principles and purposes which is, it seems to me, more thrilling and 
more compelling than any of the moving voices with which the troubled air of the 
world is filled. It is the voice of the Russian people. There are men in the United 
States of the finest temper who are in sympathy with Bolshevism because it appears 
to them to offer that regime of opportunity to the individual which they desire to 
bring about." (The Great Conspiracy Against Russia, Seghers and Kahn.) The 
men of "the finest temper", to whom Wilson referred, the Morgans and the 
Rockefellers, did not really desire opportunity for the individual; what they desired 
was the lifelong imposition of slavery under the World Order, and this is the goal 
which they continue to strive to achieve, on a world wide basis. 

These Americans "of the finest temper" chose Lenin to do their work 
because he had outlined the plan they wanted in "The Threatening Catastrophe" in 
September, 1917, "1. nationalisation of the banks. Ownership of capital which is 
manipulated by the banks is not lost or changed when the banks are nationalised 
and fused into one state bank, so that it is possible to reach a stage where the state 
knows whither and how, from where and at what time millions and billions are 
flowing. Only control over bank operations providing they are merged into one 
state bank will allow, simultaneously with other measures which can easily be put 
into effect the actual levying of income tax without concealment of property and 
income. The state for the first time would be in a position to survey all the 
monetary operations, then to control them, then to regulate economic life. 



FINALLY, to obtain millions and billions for large state operations, without paying 
the capitalist gentlemen skyhigh commissions for their services. It would facilitate 
the nationalisation of syndicates, abolition of commercial secrets, the 
nationalisation of the insurance business, facilitate the control of and the 
compulsory organization of labor into unions, and the regulation of consumption. 
The nationalisation of banks would make circulation of checks compulsory by law 
for all the rich, and introduce the confiscation of property for concealing incomes. 
The five points of the desired program then, are nationalisation of the banks, 
nationalisation of the syndicates, the abolition of commercial secrets, and the 
compulsory organization of the population into consumer associations." 

It was the publication of this program which catapulted Lenin into the 
leadership of Russia via the Bolshevik Revolution. In 1917, Frank Vanderlip 
publicly referred to Lenin as "the modern version of George Washington." 

The Lenin program is not only the program of Soviet Russia - it is the 
program of Roosevelt's New Deal, Truman's Socialism, the postwar Labor 
Government in England, and the guiding principle of subsequent American 
Administrations. The Labor Government of England proved Lenin's dictum that 
the ownership of capital is not affected by the nationalisation of the banks, when 
they nationalised the Bank of England. The Lenin program is the entire program 
of the U.S. Internal Revenue Service, "the actual levying of income tax without 
concealment of property or income", "the confiscation of property for concealing 
incomes". The Lenin program is the program of the big rich precisely because it 
abolishes private property, and puts it under the control of the state. The state is 
controlled by the big rich, the World Order. 

The definitive authority of the Lenin program captured the attention of the 
financiers. Here was the opportunity to subdue and control all future competition 
with the power of a totalitarian state, to stifle future development, and to hold the 
entire population of the world in thrall to their greed. This program took Lenin 
back to Moscow to seize the government by force and to rule by terrorism. In 
"Germany and the Russian Revolution", we find Telegram No. 952 D 2615, State 



Sec. to min in Copenhagen: Your Embassy is authorized to pay one million 
roubles to Helphand. The corresponding sum should be drawn from the Legation 
assets. 

Minister Copenhagen 23 Jan. 1916 - Dr. Helphand; "The sum of a million 
roubles already reached Petrograd, and devoted to the purposes for which it was 
intended." On May 8, 1916, Berlin requested 130,000 M. for Russian propaganda. 
Under Secretary State to the Minister in Bern, telegram No. 348; "It was 
considered advantageous to Germany to bring out the members of Lenin's party, 
the Bolsheviks, who are about forty in number. The special train will be under 
military escort." 

Vernadsky says, in his "Life of Lenin", 

"In the autumn of 1915, the German Russian Social Democrat Parvus Helphand 
(Israel Lazarevitch) who had formerly been active in the Revolution of 1905, 
announced the paper published by him in Berlin, 'The Bell', his mission to 'serve as 
an intellectual link between the armed Germans and the revolutionary Russian 

proletariat During the war Helphand was engaged in furnishing supplies to the 

Germany army in huge quantities, and so considerable amounts of money passed 
through his hands .... A railway car in which were Lenin, Martov, and other exiles 
was attached to the train leaving for Germany from Switzerland on April 8, 1917. 
On April 13, Lenin embarked on the steamer sailing from Sassnitz to Sweden. So 
the trip through Germany took at least four days." 

The Leninists quickly exhausted the funds advanced by the Germans when 
they reached Russia, and once again the Bolshevik bid for absolute power seemed 
in doubt. To whom should Lenin turn but his powerful friend in the White House 
? Wilson prompdy sent Elihu Root, Kuhn Loeb lawyer and former Secretary of 
State, to Russia with $20 million from his Special War Fund, to be given to the 
Bolsheviks. This was revealed in Congressional Hearings on Russian Bonds, HJ 
8714.U5, which shows the financial statement of Woodrow Wilson's expenditure 
of the $100 million voted him by Congress as a Special War Fund. The statement, 



showing the expenditure of $20 million in Russia by Root's Special War Mission to 
Russia, is also recorded in the Congressional Record, Sept. 2, 1919, as given by 
Wilson's secretary, Joseph Tumulty. 

Not to be outdone in generosity, J. P. Morgan & Co. also rushed financial 
assistance to the beleaguered Lenin terrorists. Col. Raymond Robins headed a Red 
Cross Mission to Russia. Henry P. Davison, J.P. Morgan's righthand man (also a 
member of the Jekyll Island team which secredy wrote the Federal Reserve Act in 
1910), had raised $370 million in cash for the Red Cross during World War I, of 
which several millions were brought to the Russians by Robins team. Aiding him 
in this charitable work were Frank Vanderlip, chairman of American International 
Corp., and William Boyce Thompson, another director of the Federal Reserve 
Bank of New York. Major Harold H. Swift, head of the meat packing family, 
accompanied Robins on this mission of mercy, or should we say business ? Swift 
used the occasion to garner a $10 million meat order for his brother-in-law, 
Edward Morris, of Morris Co. On Jan. 22, 1 920, the Soviets ordered another $50 
million of meat from Morris Co. 

Wall Street lawyer Thomas D. Thacher was also a key man of the Robins 
mission of mercy. The involvement of the J.P. Morgan firm with the Bolshevik 
Revolution is revealed in Harold Nicholson's biography of Dwight Morrow 
(Morrow was the father-in-law of Charles Lindbergh Jr.) as follows, 

"His (Morrow's) interest in Russia dated from March 1917 when Thomas D. 
Thacher, his law partner, had been a member of the American Red Cross Mission 
during the revolution. It was strengthened by his friendship with Alex Gumberg, 
who had come to New York as representative of the All- Russian Textile Syndicate. 
T have felt,' he wrote in May 1927, 'that the time would come when something 
would have to be done for Russia.' He was himself active in furthering official 
relations between Soviet emissaries and the State Dept., and he provided M. 
Litvinov with a warm letter of recommendation to Sir Arthur Salter in Geneva. 



Nor was this all. When in Paris he gave a dinner party at Foyot's to which he 
invited M. Rakovsky and other Soviet representatives." 

Morrow's actions might be understandable in a professor of economics at 
Polytechnic U., but they are incredible from a partner of the world's most 
prominent banking firm. Alex Gumberg was no mewling social worker but a 
hardcore propagandist, who returned to the U.S. in 1918 as Trotsky's literary agent, 
and prompdy placed two Trotsky manuscripts with publishers. Gumberg also 
became consultant to Chase National Bank, and Simpson Thacher and Bardett. He 
had been business manager of the Soviet paper Novy Mir during the first months of 
revolution in Russia; when Raymond Robins' Red Cross Mission arrived in Russia, 
Gumberg served as interpreter and advisor to the Mission, working closely with 
Thacher. The present senior partner of Simpson Thacher and Bardett is Cyrus 
Vance, who served as Carter's Secretary of State, and is now a director of the 
Rockefeller Foundation. 

The international financiers, advised by Gumberg, now launched a 
worldwide propaganda campaign to sell the Bolsheviks as idealists, selfless 
humanitarians, and the modern disciples of Christ, who wished only to spread 
brotherhood and universal love throughout the world. The tune rang strangely 
against the backdrop of the machine guns steadily chattering in Russia as the 
"disciples of love" massacred millions of women and children, but none of their 
devout admirers in the United States heard this as a sour note. 

From the outset, the "humanitarians" showed an excessive concern for the 
material wealth which they had seized from its rightful owners. The New York 
Times noted on Jan. 30, 1918, a despatch from Petrograd, 

"The people's commissaries have decreed a State Monopoly of gold. Churches, 
museums and other public institutions are required to place their gold articles at the 
disposal of the State. Gold articles belonging to private persons must be handed 
over to the State. Informants will receive one-third of the value of the articles." 



Lenin said, "The Soviet Union must carefully save its gold. When living with 
the wolves, howl like the wolves." 

One of the first orders issued by the new regime was, "The banking business 
is declared a state monopoly." Signed: Lenin, Krylenko, Podvolsky, Gorbunov. 

Marx's philosophy of history claims that the world operates solely through 
the economic organization of society, based on the production and exchange of 
goods. However, this is the world view of the parasite, who is concerned only with 
obtaining his sustenance from the host. The materialist reduction of life to the 
obtaining of food at someone else's expense eliminates first, man's spiritual life, 
second, all ideas, because the materialist idea explicidy excludes all other ideas, and 
third, the long term view, the concept of investing over a period of time for a 
return which will not be available for years or perhaps never. The parasitic view is 
limited to the next meal, or to creating a situation in which he cannot be dislodged 
before obtaining his next meal. This Marxist short term view has become the 
standard doctrine in American graduate schools of business, particularly Harvard, 
which was financed by George F. Baker and J. P. Morgan. The result is that 
American industry, limited by the short term view, has steadily declined for twenty- 
five years. The high interest rates imposed by the international bankers also force 
industry to concentrate on short term gains merely to pay interest on their loans. 

Marx said, "The first function of gold is to give the commercial world a 
material by which to express value, that is, to express the value of all other goods, 
as homynous variables, that are qualitatively identical and quantitatively 
comparable." Karl Marx Soc. v.23, p. 104. 

Marx's economic views were entirely compatible with the views of the 
banking establishment in the City of London and particularly the House of 
Rothschild. It is no accident that Karl Marx is buried, not in Moscow, but in 
London, nor is it an accident that the triumph and bloodbath of the Bolsheviks in 
Russia gave the Rothschilds and their associates one billion dollars in cash which 
the luckless Czar had deposited in their European and New York banks. Few 
people know that Marx had close relations with the British aristocracy, through his 



marriage to jenny von Westphalen. She was related to the Scottish Dukes of 
Argyll, who had long been revolutionaries; and the Campbells, who set up the 
baptist splinter group, the Campbellites. 

Jenny von Westphalen's ancestor, Anna Campbell, Countess of Balcarras 
and Argyll, was governess to the Prince of Orange from 1657-59, the future King 
William who later granted the charter of the Bank of England; Archibald 
Campbell, first Duke of Argyll, accompanied William on his voyage to England in 
1688 to seize the throne. The present Earl of Balcarras is related to Viscount 
Cowdray, Weetman John Churchill Pearson, whose mother was the daughter of 
Lord Spencer Churchill; his sister married the Duke of Atholl, and he married the 
daughter of the Earl of Bradford. The Argyll-Balcarras family is represented by the 
Lindsay and Campbell families; the present Earl of Crawford, Robert A. Lindsay is 
the 29th Earl, and also the 12th Earl of Balcarras. His is also chairman of National 
Westminster Bank, director of Rothschild's Sun Alliance Assurance. His mother 
was a Cavendish. He was formerly private secretary to the Secretary of State, and 
later served as Minister of State for Defense and Minister of State for Foreign and 
Commercial Affairs. 

Despite a later reputation for "anti-Communism", Herbert Hoover was not 
only the most tireless proponent of the League of Nations in partnership with Col. 
House; he also was the first American to step in with large scale assistance to 
prevent a massive uprising against the faltering Bolshevik regime. Hoover saved 
the Bolsheviks by organizing a massive program to rush food to the beleaguered 
Communists. On Nov. 28, 1917, his associate, Col. House had cabled Wilson a 
few days after the Bolsheviks seized power, urging the extreme importance of 
suppressing all American newspaper criticism of the Bolsheviks: "It is exceedingly 
important that such criticism be suppressed." The telegram was placed in a 
confidential file, and only came to light six years later. 

In "The Unknown War with Russia", Robert J. Maddox noted in 1977, 
"Wilson greeted the March Revolution in Russia as a major step toward achieving 
the kind of postwar world he envisioned. He made sure the U.S. was the first to 



recognize the Provisional Government." Maddox points out that Wilson insisted 
that No. 6 of his famous fourteen points at Versailles was that "Russia should 
continue under institutions of her own choosing", thus guaranteeing the future of 
the Bolshevik regime. His closest political aide, Col. House, sent his own secretary, 
Kenneth Durant, to Russia to become a secretary in the Soviet Bureau in 1920 ! 

William Laurence Sanders, chairman of Ingersoll Rand, and deputy chairman 
of the Federal Reserve Bank of New York, wrote to Wilson, Oct. 17, 1918, "I am 
in sympathy with the Soviet form of government as the best suited for the Russian 
people." George Foster Peabody, also deputy chairman of the Federal Reserve 
Bank of New York since 1914, and noted "philanthropist" who organized the 
General Education Board for the Rockefellers, stated that he supported the 
Bolshevik form of state monopoly. Thus we had three of the most prominent 
officials of the Federal Reserve Bank of New York on record as supporting 
Bolshevism, Sanders, Peabody and William Boyce Thompson. Thompson then 
announced he was giving one million dollars to promote Bolshevik propaganda in 
the United States ! Because the Federal Reserve Bank of New York was controlled 
by five New York banks who owned 53% of its stock, and because these five banks 
were directly controlled by N.M. Rothschild & Sons of London, we can only 
conclude that these three men were merely stating the preferences of their 
employer. The National City Bank had already loaned Russia $50 million, and 
Guaranty Trust, whose directors were the leading financiers in New York, now 
became the financial correspondent for Soviet interests in America. In January 

1922, Secretary of Commerce Herbert Hoover introduced on behalf of Guaranty 
Trust a resolution permitting relations with "the new State Bank at Moscow". 
Secretary of State Charles Evans Hughes strongly opposed this resolution, but 
Hoover succeeded in getting it approved. A German banker, Max May, now vice 
pres. of Guaranty Trust, became head of the foreign dept. of the Ruskombank in 

1923, the first Soviet international bank. Who's Who states that Max May came to 
the U.S. 1883, naturalized 1888, vice pres. Guaranty Trust 1904-18, director and 
member of board Russian Commercial Bank 1922-25. J. P. Morgan and Guaranty 



Trust acted as the fiscal agents of the Soviet Government in the U.S.; the first 
shipments of "Soviet" gold, which was actually the Czar's gold, were deposited in 
Guaranty Trust. 

In a typical move to disguise their operations, Otto Kahn and several 
officials of Guaranty Trust then founded an "anti-Communist" group, United 
Americans, which circulated virulent anti-Communist and anti-Jewish propaganda. 
Like most such organizations, it was designed to discredit and render impotent 
anyone opposed to Communism who became involved in its work. 

On Feb. 1, 1919, Edward L. Doheny, the oil tycoon, told C.W. Barron, 
founder of the Wall Street Journal, 

"Pres. Eliot of Harvard is teaching Bolshevism. The worst Bolsheviks in the U.S. 
are not only college professors, of whom President Wilson is one, but capitalists 
and the wives of capitalists. Frank G. Vanderlip is a Bolshevik. Socialism is the 
poison that destroys democracy. Socialism holds out the hope that a man can quit 
work and be better off. Bolshevism is the true fruit of Socialism." 

The world headquarters of the Bolshevik movement was now at 120 
Broadway on Wall Street. The Equitable Life Bldg. at 120 Brodway had been built 
by a corporation organized by Gen. T. Coleman DuPont. During the early 1920s, 
120 Broadway not only housed Equitable Life, but also the Federal Reserve Bank 
of New York, whose directors were enthusiastically supporting the Bolsheviks; the 
American International Corporation, which had been organized to aid the Soviet 
Union; Weinberg and Posner, which received a $3 million order for machinery 
from the Soviet Union in 1919, and whose vice president was Ludwig Martens, first 
Soviet Ambassador to the U.S.; John McGregor Grant, whose operations were 
financed by Olaf Aschberg of Nya Banken, Stockholm, who had transmitted large 
sums furnished by the Warburgs for the Bolshevik Revolution; the London agent 
of Nya Banken was the British Bank of North Commerce, whose chairman was 
Earl Grey, a close associate of Cecil Rhodes - Grant had been blacklisted by the 
U.S. Government for his support of Germany during World War I; and on the top 



floor of 120 Broadway was the exclusive Bankers Club. These were the organizers 
of the World Order. Their instrument of power was gold. The Great Soviet 
Encyclopedia noted, "Under socialist economic conditions, gold is also a universal 
equivalent, used as a measure of value and a scale of prices. The gold content of 
the Soviet ruble was established at .0987412 grams as per Jan. 1, 1961. In the world 
socialist market gold is used as the universal money." 

Many Americans are puzzled by the relentless devotion of the Rockefeller 
Foundation to financing Communist organizations in many parts of the world. 
This dedication to Communism can be traced back to a crucial moment in the 
Bolsheviks' march to power. In 1917, Mackenzie King had established a lifelong 
relationship with John D. Rockefeller, Jr. whom he met in June, 1914. They had 
been born in the same year, 1874, and seemed to agree on everything. Soon, King 
was working closely with Frederick T. Gates and Ivy Lee to further the Rockefeller 
"philantropies", which seemed to view Communism as the ideal vehicle to bring 
about world brotherhood. King wrote to this friend Violet Markham, "John D. 
Rockefeller Jr., the truest follower of Christ, has one purpose - to serve his fellow 
man." King resolved that his one purpose was to serve Rockefeller; he testified for 
him at the trial investigating the Colorado Iron and Fuel Co. massacre before the 
Walsh Committee (the Rockefellers later tried to have Walsh framed and expelled 
from the Senate, but failed due to the obstinancy of Burton J. Wheeler; J.Edgar 
Hoover played a crucial role in setting up the frame). 

The Rockefellers helped Mackenzie King obtain government contracts for 
the Canadian Army during World War I, which set King up for later blackmail (the 
"Panama" hold over the vassals). King sold hundreds of tons of rotten meat to be 
sent to the Canadian Army in Europe; boots of "leather", which were mostly 
pasteboard and which disintegrated immediately in the watersoaked trenches; rifles 
that jammed when they were fired; and collar type life preservers (previously 
condemned) which broke the soldiers' necks when they jumped into the water. 

While Leon Trotsky was in New York in 1917, he received word to return to 
Russia at once to help bring off the Bolshevik seizure of power. The Rockefellers 



gave him $10,000 in cash for his journey, procured a special passport for him from 
President Woodrow Wilson, and sent Lincoln Steffens to safeguard him on the 
journey. When Trotsky's ship stopped in Halifax, the Canadian Secret Service, 
warned that he was on board, arrested him on April 3, 1917 and interned him in 
Nova Scotia. The patriotic agents knew that Trotsky was on his way to Russia to 
take Russia out of the war against Germany, which would free many German 
divisions to attack the Canadian troops on the Western Front. Prime Minister 
Lloyd George indignandy cabled demands from London that Trotsky be released, 
but the secret service ignored him. By means never explained, Mackenzie King 
then stepped into the breach and obtained Trotsky's freedom. Trotsky continued 
on his way to Russia, and became Lenin's chief deputy in the extermination of 
Russian citizens; he also organized the Red Army with the able help of Wall Street 
lawyer Thomas D. Thacher. The agents who had arrested Trotsky were dismissed 
from the service; their careers were ended. As a reward for his intervention, the 
Rockefellers appointed Mackenzie King head of the Rockefeller Foundation dept. 
of Industrial Research at a salary of $30,000 a year (the average wage in the U.S. at 
that time was $500 year). Frank P. Walsh testified before a U.S. Commission that 
the Rockefeller Foundation was a cloak for the Rockefeller plan to lead organized 
labor into slavery. 

King also became a director of the Carnegie Corporation. A Lady Laurier 
left him a large mansion in Ottawa, and in 1921 a group of wellwishers, led by 
Peter Larkin, refurbished and staffed it for him at a cost of $255,000. King then 
appointed Larkin High Commissioner of Canada in London. In 1940, the 
Canadian Parliament voted King, then Prime Minister of Canada "absolute and 
dictatorial powers for the duration". On King's 74th birthday in 1948, John D. 
Rockefeller Jr. gave him $100,000. The Rockefeller Foundation then put up 
$300,000 to pay for the writing of King's Memoirs. In his final years, King, still on 
the take, was exposed as a principal in the $30 million Beauharnais Power Co. 
swindle during the building of the St. Lawrence Seaway. King had accepted 



$700,000 from Beauharnais for the Liberal Party, and among other enticements had 
received a trip to Bermuda. 

The Rockefellers figured in many pro-Soviet deals during the 1920s. 
Because of the struggle for power which developed between Stalin and Trotsky, the 
Rockefellers intervened in October, 1926, and backed Stalin, ousting Trotsky. 
Years later, they would again intervene when the Kremlin was racked by 
disagreements; David Rockefeller summarily fired Kruschev. John D. Rockefeller 
instructed his press agent, Ivy Lee in 1925 to promote Communism in the U.S. and 
to sparkplug a public relations drive which culminated in 1933 with the U.S. 
government recognition of Soviet Russia. In 1927 Standard Oil of New Jersey built 
a refinery in Russia, after having been promised 50% of the Caucasus oil 
production. The Rockefeller firm, Vacuum Oil, signed an agreement with the 
Soviet Naptha Syndicate to sell Russian oil in Europe, and made a $75 million loan 
to Russia. John Moody had stated in 1911, "the Standard Oil Co. was really a bank 
of the most gigantic character - a bank within an industry ... lending vast sums of 
money to needy borrowers just as other great banks were doing ... the company 
was known as the Standard Oil Bank. As Rockefeller was no banker, this meant 
that the Standard Oil was being directed by professional bankers." The Standard 
Oil operation has always been directed by the most professional bankers in the 
world, the Rothschilds; consequently, the Rothschilds through their agents, Kuhn 
Loeb Co. have maintained close supervision of the "Rockefeller" fortune. 

In 1935, Stalin expropriated many foreign investments in Russia, but the 
Standard Oil properties were not touched. The Five Year Plans (1928-32, 1933-37, 
and 1938-42) were all financed by the international banking houses. During the 
1920s, the principal firms doing business with Russia were Vacuum Oil, 
International Harvester, Guaranty Trust and New York Life, all firms controlled by 
the Morgan-Rockefeller interests. 

Arthur Upham Pope's biography of Litvinov notes that in March, 1921, a 
trade agreement was signed with Great Britain providing that gold sent in payment 
for machines bought by Russia would not be confiscated towards old debts or 



claims. This insured that Czarist gold sent to England would not be seized by his 
cousins, the British Royal Family. On July 7, 1922, Litvinov revealed that the 
Russian delegation at the Hague Conference was negotiating with an important 
group of financiers which included Otto H. Kahn of Kuhn Loeb Co. A week later, 
Kahn arrived at The Hague. He stated, "The conference with the Russians will 
bring useful results and will lead to a closer approach to unity of views and policies 
on the part of England, France and the U.S. in respect to the Russian situation." 
When Otto Kahn's wife visited Russia in 1936, she was treated like visiting royalty. 

In 1922, the Chase National Bank had established the American-Russian 
Chamber of Commerce to promote trade with and government recognition of 
Russia. Its chairman was Reeve Schley, a vice president of Chase; he was a director 
of many corporations including Howe Sound, Electric Boat, the Yale Corp., 
chairman of Sundstrand and Underwnod; he had served as director of the U.S. 
Fuel Administration from 1917-1919. His son, Reeve Schley Jr. was a Captain in 
the O.S.S. under Gen. Donovan in World War II. Both Chase and Equitable Trust 
led in granting credits to the Soviet Union during the 1920s. In 1934, Roosevelt 
established the Export Import Bank to finance increased trade with the Soviet 
Union. During World War II, Chase was AMTORG'S principal bank in handling 
the many billions of dollars of Lend Lease transactions for Russia. Roosevelt went 
all out in supporting the Soviets, perhaps because all three of his personal 
assistants, Alger Hiss, Lauchlin Currie and Harry Dexter White, were identified as 
Soviet agents. Hiss' mentor was Dean Acheson, formerly of J.P. Morgan Co. Asst 
Secretary of State AA. Berle Jr. testified before the House Un-American Activities 
Committee Aug. 30, 1 948 that "Acheson was the head of the pro-Russian group in 
the State Department." Acheson later became senior partner of Covington and 
Burling, obtaining the position for the firm as Washington legal representative for 
nine Communist governments. On April 29, 1943, the Board of Economic 
Warfare granted a special license to Chematar Corp. of New York to fill an order 
from the Soviet Purchasing Commission for 2001b. uranium oxide, 2201b. uranium 
nitrate, and 25 lb. of uranium metal, commodities virtually unknown at that time, 



thus launching the Soviet atomic program. Today every American citizen lives 
under the threat of Soviet nuclear war. 

On Jan. 29, 1944, Special Ambassador W. Averill Harriman in Moscow 
informed the State Dept. that "we" must turn over to the Russians the currency 
printing plates which had been engraved for the U.S. Treasury by Forbes Co. of 
Boston. The State Dept. delayed action on this request for several weeks. On 
March 22, Harry Dexter White met with Gromyko at the Soviet Embassy and 
assured him the plates would be delivered. Both Harriman and White made daily 
demands until the plates were turned over to the Soviet Union April 14, 1944. The 
Soviet Union then printed $300 million in currency which was redeemed by the 
American taxpayers. 

After the "Cold War" began, the financiers continued their efforts to aid the 
Soviets. In 1967, the New York Times announced that a new consortium had been 
formed to promote trade with Russia, composed of Cyrus Eaton's Tower Corp., 
Rockefeller's International Basic Economy Corp., and N.M. Rothschild & Sons of 
London. Eaton had begun his career as a $2 a day factotum for John D. 
Rockefeller, who later financed his purchase of Canadian Gas & Electric Corp. 
Eaton stated that Rockefeller soon interested him in Russian affairs. In an 
interview with Mike Wallace, Eaton claimed that under Communism, the people of 
the Soviet Union were entirely contented. "They were happy. I was amazed at 
their happiness and dedication to the system." Eaton was one of the first 
defenders of the Stalin-Hitler Pact in 1939. 

The Rothschilds have rarely been identified with Communist causes, 
preferring to remain in the background. Only one member, N.M. Victor 
Rothschild, who served an apprenticeship with J.P. Morgan Co., had become 
involved with the Apostles Club at Cambridge, described by Michael Straight as 
composed mostly of Communists who were also homosexual. Its well known 
members were Guy Burgess and Donald MacLean, Anthony Blunt, Keeper of the 
Queen's Pictures, and the double, or triple agent Kim Philby. During World War 
II. Victor Rothschild, who was with MI5, lent his London flat at No. 5 Bentinck St. 



to Burgess, while his mother, Mrs. Charles Rothschild, hired Burgess as her 
investment counselor. Blunt left the staff of the Warburg Institute to work with 
MI5; he introduced Victor Rothschild to his aunt, Teresa Mayor, who later became 
Lady Rothschild. Blunt has been recendy described as having had an "affectionate" 
relationship with the Queen. 

The Rockefeller family is sometimes called the first family of the Soviet 
Union. When Nelson Rockefeller was nominated for vice president in 1967, 
Pravda indignantly denounced his critics, saying that charges against Rockefeller 
were designed only to discredit him, and that the accusations came from ultra right 
wing organizations. Senator Frank Church, attending the 1971 Dartmouth 
Conference at Kiev, was amazed to find that "David Rockefeller was treated like 
we would treat royalty in this country. The Russian people appear to evince an 
adoration of Rockefeller that is puzzling." When David Rockefeller's plane lands 
in Russia, crowds line up to greet him at the airport, and line the streets of Moscow 
as his limousine passes, hailing him with cries of RAHK FAWLER. George Gilder 
remarked that no one knows how to revere, blandish and exalt a Rockefeller half as 
well as the Marxists. 

After World War II, Dean Acheson frantically lobbied for an additional $300 
million loan to the Soviet Union. Ed Burling, who was Frederic A. Delano's 
brother-in-law, had founded the firm of Covington and Burling of which Acheson 
was partner, with Donald Hiss, brother of Alger. When Acheson's lobbying failed 
to develop the Russian aid, the Council on Foreign Relations drafted the Marshall 
Plan as an alternative measure. Their publication, "Foreign Affairs", then 
published the "containment plan" as written by "X" (George Kennan). The policy 
of containment, which has been the official foreign policy of the U.S. toward the 
Soviet Union since 1947, guarantees not only Soviet Russia's borders, but her 
continued enslavement of the "Captive nations" which she holds by military force. 
Henry Luce, who always provided a forum for the international propagandists, 
reprinted the entire text of the July, 1947 Foreign Affairs article in Life magazine, 
July 28, 1947. Its key sentence was "The main element of any U.S. policy towards 



the Soviet Union must be the long-term, patient but firm and vigilant containment 
of Russian expansive tendencies". Luce's Time magazine dubbed Kennan 
"America's senior policy-maker". He later became a fellow of the Institute of 
Advanced Study of Princeton. Kennan was the nephew and namesake of the 
George Kennan who operated as a Marxist agent for Jacob Schiff in Russia for 
many years before the Bolshevik Revolution, and was finally expelled by the Czarist 
Government. Kennan's pen-name "X" was a favorite identification of Socialist 
operatives. In 1902, the Socialist "X" Club had been founded in New York by 
John Dewey, whose Socialist program has dominated American education during 
the twentieth century. The other founders of the "X" Club were James T. 
Shotwell, founder of the League of Nations, United Nations etc.; Morris Hillquit, 
Communist candidate for Mayor of New York, Charles Edward Russell, and Rufus 
Weeks, vice president and managing director of New York Life, which was 
controlled by J. P. Morgan. 

When Nikolai Kruschev, dictator of the Soviet Union, came to New York 
Sept. 17, 1959, he was invited to dinner at W. Averill Harriman's Home. Thirty 
people attended, who controlled aggregate wealth of $40 billion; they included 
Russian born David Sarnoff, head of RCA, Philip Mosely of the Council on 
Foreign Relations; Herbert H. Lehman of Lehman Bros.; Dean Rusk of the 
Rockefeller Foundation; George A. Woods, First Boston Corp.; Thomas K. 
Finletter of Coudert Bros., former Secretary of the Air Force; John K. Galbraith, 
economist; Frank Pace of General Dynamics. 

In Sept. 1960, Kruschev was entertained at Hyde Park at a dinner given in 
his honor by Eleanor Roosevelt. Present at this select gathering was Victor 
Hammer, who had fenced the Romanov jewels in the U.S. He sold many Faberge 
items to Lillian Pratt, wife of the General Motors tycoon; the collection is now in 
the Virginia Museum in Richmond, Va. 

In 1973, the U.S.-USSR Trade and Economic Council, consisting of leading 
U.S. heads of corporations, was formed to promote "trade" read (gifts) to the 
Soviet Union. In 1976, G.M. Miller of Textron was named head of the Council. 



Shortly afterwards, he was appointed chairman of the Federal Reserve Board of 
Governors by Carter. The Bolshevik Revolution, which was nurtured through its 
most trying days by three directors of the Federal Reserve Bank of New York, 
William Boyce Thompson, George Foster Peabody, and William Woodward, 
continues to be supported by the Federal Reserve System. The Federal Reserve 
System maintains close ties with the Gosbank, the Soviet Central Bank, which 
controls the Communist Party of the USSR. Gosbank employs 5000 economists, 
and is known as a "passive", rather than an "active" bank of issue, meaning that it 
follows orders from other sources, as does the Federal Reserve Board of 
Governors. The Gosbank-Federal Reserve System "cooperation" in Soviet 
financial letters is handled through the Bank for International Setdements in 
Switzerland. 

In 1949, the present flood of "Eurodollars" originated as European deposits 
of Communist dollar hoards in the Soviet Eurobank of Paris, Banque Commerciale 
pour Europe du Nord. The financiers then realized they created a new and even 
more untraceable source of paper money which had no backing. Anthony 
Sampson writes that "The more cosmopolitan banks with foreign experts and 
directors, such as Warburgs, Montagus, Rothschilds and Kleinworts, had also 
discovered a huge new source of profits in the market for Eurodollars." These 
profits now amount to some two trillion dollars, all of which are obligations of the 
American taxpayer. This Ponzi operation was made possible by the exclusive 
"Central Bankers Club", the Bank for International Setdements, which had been 
established by Hjalmar Schacht, financier of the Nazi movement, Emile Francqui, 
guiding genius of Hoover's Belgian Relief Commission, and John Foster Dulles, 
heir to the tide "most dangerous man in America". It was set up in May 1930 by 
the Hague Treaty to handle German reparations payments, which, of course, were 
never paid. BIS now controls one tenth of the world's gold, which it rents out at a 
profit. Its assets have increased by an astronomical 1200% in the past twenty 
years. U.S. shares of BIS are held by Citibank. 



American International Corporation continued to exercise a behind the 
scenes role in U.S. Soviet dealings until World War II, when W.A. Harriman's 
presence in Moscow to direct Stalin's handling of the war usurped its duties. 
Standard and Poors shows in 1 982 an American International Group, an insurance 
holding company with $3.4 billion in assets, whose attorneys are Sullivan & 
Cromwell. It was formed from the Cornelius V. Starr insurance network which 
was part of the CIA's Asiatic operations. Its directors include Harry Kearns, chmn 
Eishenower-Nixon presidential campaign, now chmn American Asian Bank, served 
as president Export Import Bank 1969-73; William L. Hemphill, pres. United 
Guaranty, director of Cone Mills (the Hemphill family has been allied with J. P. 
Morgan for many years); Douglas MacArthur II, diplomat; John I. Howell, chmn 
J.Henry Schroder Bank, and Schroders Ltd of London; Edwin A. Granville Mentin 
of England, who was chairman of American International from 1946-1979, now 
director of the Starr Foundation; and J. Milburn Smith, director of Lloyd's of 
London. 

Prominent American businessmen and political leaders such as W. Averill 
Harriman do not bother to conceal their pro-Soviet activities. Russian Ambassador 
Dobrynin casually referred to Henry Kissinger's double role, saying, "I am the 
laughing third man, sitting still. Kissinger is negotiating for us too." Brezhnev, 
dictator of Russia, was asked why the Soviet Union did not take a role in Middle 
East negotiations. He replied, "We don't need representation. Kissinger is our 
man in the Middle East." 

With this kind of influence, it seems odd that the Communists do not 
precipitate a coup, and seize absolute power in the U.S., as they did in Russia in 
1917. There are 200,000,000 answers to this question, not 200,000,000 Americans, 
but 200,000,000 guns held privately by American citizens. A confidential Ford 
Foundation study showed that only 5 to 10% of Americans would actively resist a 
Communist seizure of power. This was the good news. The bad news was that 
only 1 % of our citizens, armed and opposing the takeover, would defeat it. Since 
1948, Americans have asked this writer when the Communists will seize power in 



the U.S. The answer is that they will seize power after they have confiscated the 
200,000,000 guns. Guns are forbidden in the Soviet Union. Only the highest 
officials are allowed to possess them. Criminals understand only one law - the law 
of force. The criminal syndicalists who seek to enslave the entire world cannot be 
defeated by humility or compassion, but only by the most determined and the 
harshest measures. To examine the American situation in perspective, there are 
only five hundred men, primarily in the major foundations, who are actively 
engaged in transmitting international banker-Socialist orders to our government. 
Beneath them are ten thousand politicians, businessmen, media personalities, and 
academicians who, with the aid of religious operatives, implement the orders from 
London. This is a much smaller number than the members of the Communist 
Party of the USSR which rules the Soviet Union. 

To protect these traitors, the U.S. government has imported 25 million aliens 
into the United States, which includes 5000 intensively trained terrorists, and 
100,000 hardened criminals. This force is intended to neutralize the opposition of 
the American people to Communism. The government encourages crime, because 
it is the nationwide criminal force, not the police force, which keeps the population 
subdued. Americans must devote all their energies to defending themselves against 
the professional criminals, protecting their homes and families, leaving them no 
opportunity to organize against the criminal syndicalists of the World Order. This 
clever plan of subsidizing the criminal element was the sole achievement of the 
Law Enforcement Administration, a foundation-organized plan which originated at 
the University of Chicago. 

The federal government uses its armed police, the IRS, the FBI, the BATF 
and the CIA solely to terrorize its American subjects into compliance with the 
program of the World Order. Most American citizens have had to come to the 
painful realization that the FBI is not concerned with fighting Communism, but 
only with batding American an ti- Communists. They now realize that the IRS 
functions as an armed group of terrorists, not to collect funds, of which the 
government has no need, but solely to extort money by force from American 



citizens, as part of the program of the World Order. The intent is to render them 
impoverished and terrorized, so that they will be rendered impotent and unable to 
organize to resist the World Order. It is the program of 1984. 

Even if they planned otherwise, the five masters of the World Order have 
now created a situation which must lead to world war, world economic collapse, or 
both. The thirty- year buildup o[ the Soviet Union as the next opponent in an 
ongoing world conflict was noted by Srully Blotnick in Forbes magazine, Nov. 7, 
1983: 

"A wealthy New York lawyer whose portfolio contained substantial holdings of 
McDonnell Douglas, Raytheon and General Dynamics, commented, 'It bothers me 
even to think what would happen if the Russians decided to take us up on our 5% 
a year solution to the arms race. Once we started dismantling our stategic 
weapons, the defense stocks will make the hi tech group look stable by 
comparison. The 60% loss I took on my Fortune computer system could be a hint 
of things to come'." 

The World Order has no religious, political or economic program except 
World Slavery. Only by subduing all potential opposition can the parasite 
guarantee his position of lodging on the host. The World Order sets up countless 
groups to promote any type of idea, and then sets up other groups to fanatically 
oppose them, but the masters have no dedication to anything except slavery. As 
R.E. McMaster wrote in The Reaper, "The goal of international communism is not 
to destroy Western international debt capitalism. The goal of international 
communism is to enslave mankind at the behest of Western international debt 
capitalism." This is all you can ever know about the present world situation, and it 
is all you need to know. 

In law and finance, it is prudent to make up a "worst case" theory. What is 
the worst case theory we could apply to the U.S. economy today ? It is not more 
inflation, higher debt and interest rates, or higher taxes. These are already 
inevitable. The worst case is a revolution in Russia. Let us suppose a truly 



terrifying scenario, that the inmates of the Soviet concentration camps have been 
surreptitiously armed. They rise up and seize power in a coup which would be as 
impossible to stop as the Bolshevik coup of 1917. Americans would applaud if a 
patriotic Christian government which, like the Czar's government, desired only 
peace with the U.S., suddenly seized power in Russia. Or would we ? We could 
hardly applaud, because we would be too busy dodging the bodies falling from 
windows on Wall Street. Within hours, our defense-oriented stocks would 
collapse, dragging down the entire market with them. As Blotnick barely hints, 
there would be a complete economic collapse in the United States. The fact is that 
the World Order has made the economy of the U.S. entirely dependent on a 
"threat" from Russia; it could not survive a "friendly" regime. That is why the 
CIA (also known as the Central Investment Agency) co-operates with the KGB to 
create and destroy an ti- Communist groups around the world. The CIA has never 
engaged in sabotage in the Soviet Union; the KGB has never engaged in sabotage 
in the U.S. By betraying the anti-Communist fighters at the Bay of Pigs, the CIA 
bolstered Castro's shaky regime and destroyed his opposition. He has never again 
faced any challenge. Former CIA official David Atdee Phillips says (p. 107 "THE 
NIGHT WATCH" that Dean Rusk (Rockefeller Foundation) ordered the 
cancellation of the air strike, which doomed the anti-Communist forces at the Bay 
of Pigs to annihilation. Powers, in his biography of Richard Helms, also identifies 
Rusk as the man who cancelled the air support of the anti-Communists. 



CHAPTER THREE Franklin D. Roosevelt 



The Crash of 1929 and the resulting depression have been exhaustively 
covered in a previous work {Secrets of the federal Reserve, 1983). Roosevelt was 
elected president in 1932 in a campaign which ignored Hoover's Rothschild 
connections and his World War I record. Instead, Roosevelt blamed Hoover for a 



depression which had been set up by the Bank of England. Hoover states in his 
Memoirs. 

"In replying to Roosevelt's statement that I was responsible for the orgy of 
speculation, I considered for some time whether I should expose the responsibility 
of the Federal Reserve Board by its deliberate inflation policies from 1925-28 under 
European influence, and my opposition to these policies." 

Hoover remained silent, and was ushered out of office. He later termed 
Gerard Swope's "economic planning" for the New Deal as "the precise pattern of 
Fascism". "The New Dealers", by an Unofficial Observer, Literary Guild 1934, 
noted that the New Deal included W. A. Harriman, administrator in charge of heavy 
industry, and his sister, Mary Rumsey, who backed Newsweek with Vincent Astor, 
and the New Deal weekly, Today. "Observer" also noted that Col. House was the 
elder statesman behind the New Deal, and that House had only backed two 
Presidential candidates, Wilson and FDR. Roosevelt continued the Wilson policies 
(actually the House policies oudined in "Philip Dm, Administrator"), with the same 
personnel, and ended as Wilson did, by involving America in another World War. 
Observer states that Col. House's New York apartment was only two blocks from 
the Roosevelt home on E. 65th St. in New York, and that House was seen there 
almost every day in 1932. He also visited Roosevelt in New England and on the 
Roosevelt yacht. 

To consolidate Roosevelt's power, his backers used the typical World Order 
scheme - they set up his "opposition". In August, 1934, the principal architects 
and financiers of his New Deal formed the Liberty League, immediately 
characterized as an "extreme rightwing" organization. Pierre and Irenee DuPont 
put up $325,000 for it. The League was also financed by J.P. Morgan, the 
Rockefellers, J. Howard Pew, and William J. Knudsen (who was later appointed by 
FDR to an important position!). The backers of Liberty League, who were busily 
denouncing Roosevelt & his staff as "Communist", which many of them were, 
were also the organizers of American International Corporation, which had been 



formed to prevent the economy of the Soviet Union from collapsing. Liberty 
League successfully corralled the opponents of FDR and branded them as 
"rightwing nuts". Roosevelt was given the opportunity to rant against his 
opposition as "economic royalists", "the Old Guard", and "princes of privilege". 
Gerald L.K. Smith was then brought into the picture, in order to smear Roosevelt's 
opposition as "anti-Semitic". The ploy operated from 1934 to the 1936 elections, 
when it effectively destroyed London's campaign. No effective political opposition 
was organized against Roosevelt for the rest of his lifetime in office. It was one of 
the most successful political hoaxes in American history. Roosevelt then married 
his son to an heiress of the DuPont dynasty. At the very time that Eugene 
DuPont, cousin of Pierre, was one of the most active members of the Liberty 
League, F.D. Roosevelt Jr. was courting his daughter, Ethell ! They were married 
June 28, 1937, in what Time Magazine called the "Wedding of the Year", presided 
over by Dr. Endicott Peabody. The couple made the cover of Time magazine, the 
only newlyweds ever to do so. 

These measures were necessary because FDR's backers were planning to 
involve the U.S. in the Second World War. Any popular political opposition to 
Roosevelt might have swept him out of office in 1 940, just when he was needed to 
bring off the Pearl Harbor attack. On the morning of Pearl Harbor, Gen. Marshall, 
his Chief of Staff, met secretly with Maxim Litvinov (married to Ivy Low of 
England), to assure the Russians that everything was going according to plan. 
Marshall later testified before Congress that he "couldn't remember" where he was 
on Pearl Harbor Day. 

The "managed conflict" was well on its way. Jacques Rueff points out that 
Schacht did not invent Hider's monetary policy; it was imposed on Germany "by 
American and British creditors to finance war preparations and finally unleash war 
itself (The Monetary Sins of the West). Rueff also points out that the Standstill 
Agreement of 1931 allowing Germany a moratorium on war debts through the 
1930s was a amicable pact between the London, New York and German branches 
of the Warburg and Schroder houses. Max Warburg remained Schacht's deputy at 



the Reichsbank until 1938; Kurt von Schroder then became his deputy. (Schacht's 
father had been Berlin agent for the Equitable Life Insurance Co. of New York.) 
The industrialist levies for Hider (the Circle of Friends) were paid into the Schroder 
Bank. 

Throughout the 1930s, Hider was duped into persevering in his desire for 
friendship with England, an alliance originally proposed joindy by Theodore 
Roosevelt and the Kaiser in 1898 between the three Nordic powers, England, 
Germany and the United States. The Schroders assured Hider that their Anglo- 
German Fellowship in England was a hundred times more influential than it 
actually was. With such figures as the Astors and the Chamberlains supporting 
rapport with Germany, Hitler was persuaded that war with England was 
impossible. In 1933 he had announced his discovery that Marx, Lenin and Stalin 
had all said that before international Communism could triumph, England and her 
Empire must be destroyed. "I am willing to help defend the British Empire by 
force if called upon," he declared. In 1936, Hitler arranged for meetings to take 
place between English and German diplomats, but the desired result was never 
attained, as the British had only one goal to lull Hitler into a sense of false security 
until they could declare war against him. 

To lure Hitler into World War II, it was necessary to guarantee him adequate 
supplies of such necessities as ball bearings and oil. Jacob Wallenberg of the 
Swedish Enskilda Bank, which controlled the giant SKF ball bearing plant, 
furnished ball bearings to the Nazis throughout the war. The anti aircraft guns 
sending flak against American air crews turned on SKF ball bearings. Its American 
plant, SKF of Philadelphia, was repeatedly put on the Proclaimed List, and each 
time, Dean Acheson removed it. 

President William S. Farish of Standard Oil refueled Nazi ships and 
submarines through stations in Spain and Latin America. When Queen Elizabeth 
recently came to the U.S., the only family she visited was the Farishes. Throughout 
the war, the British paid royalty to Ethyl-Standard Corp. on the gasoline used by 
German bombers who were destroying London. The money was placed in Farben 



bank accounts until after the war. I.G. Farben was organized by the Warburgs in 
1 925 as a merger between six giant German chemical companies, Badische Anilin, 
Bayer, Agfa, Hoechst, Welierter-Meer, and Griesheim-Elektron. Max Warburg was 
director of I.G. Farben, Germany, and I.G. Chemie, Switzerland. American I.G. 
Farben was controlled by his brother, Paul, architect of the Federal Reserve 
System, Walter Teagle of Standard Oil, and Charles Mitchell of National City 
Bank. Just before World War II broke out, Ethyl-Standard shipped 500 tons of 
ethyl lead to the Reich Air Ministry through I.G. Farben, with payment secured by 
letter of Brown Bros. Harriman dated Sept. 21, 1938. 

Throughout World War II, the Paris branches of J.P. Morgan and chase 
National Bank continued to do business as usual. At the end of the war, 
occupation authorities repeatedly issued orders to dismantle I.G. Farben plants, but 
were countermanded by Gen. William Draper of Dillon Read, which had financed 
German rearmament in the 1920s. 

Winston Churchill remarked of this "managed conflict" in 1945, just before 
it ended, "There never was a war more easy to stop." (quoted in Washington Post 
June 11, 1984). The only real difficulty had been encountered in getting it started. 
Churchill succeeded in prolonging the war for at least a year by defeating Gen. 
Wedemeyer's plan for a Channel crossing in 1943, and by embarking on his ruinous 
North African-Sicilian swing, a replay of his disastrous Gallipoli campaign of the 
First World War. Life revealed April 9, 1951 that Eisenhower had radioed Stalin 
through the U.S. Military Mission in Moscow of his plan to stop at the Elbe and 
allow the Russians to take Berlin. The message had been written by Ike's political 
advisor, John Wheeler-Bennett of RIIA, received by W. Averill Harriman, and 
delivered to Stalin. In Washington, Gen. Marshall assured President Truman that 
we were "obligated" to allow the Russians to take Berlin. Senator Joseph McCarthy 
later called Marshall "a living lie". 

The conquered German people were now systematically looted and 
ruthlessly governed by the occupying powers. Henry Kissinger, John J. McCloy 
(son-in-law of a J.P. Morgan partner), Benjamin Buttenweiser, partner of Kuhn, 



Loeb & Co. (his wife was Alger Hiss's lawyer at his trial for perjury), and other 
Rothschild operatives descended like locusts upon the prostrate nation. Aid to 
Soviet Russia continued under the guise of the Marshall Plan, a rerun of Hoover's 
Belgian Relief Commission in World War I. The Marshall Plan originated as a 
special study by David Rockefeller for the Council on Foreign Relations, 
"Reconstruction of Western Europe" completed in 1947. It was retided the 
"Marshall Plan" and advertised as a great contribution to "democracy in Europe". 
(Imperial Brain Trust-Shoup). W. Averell Harriman was installed in the 
Rothschild's Paris mansion, Hotel Talleyrand, as head of the Marshall Plan. 

The victorious Rothschilds consolidated their control of world monetary 
systems by the Bretton Woods pact, a replica of the charter of the Bank of 
England. It provided immunity from the judicial process, its archives were 
inviolable and not subject to court or Congressional inspection; no taxation could 
be levied on any security dividend or interest of the Fund; all officers and 
personnel were immune from legal processes. The pact systematically looted 
Western Europe and the United States. On April 3, 1984, AP reported that 
"British" investments in the U.S. were now $115 billion, and the British held $28 
billion in U.S. bank assets. At least one U.S. Senator is a member of the British 
aristocracy, Malcolm Wallop, (R. Wyo.) son of Hon. Oliver Wallop, whose brother 
is Earl of Portsmouth (created 1743). Sen. Wallop's sister, Lady Porchester, 
married Lord Porchester, son of the Earl of Carnarvon. Lord Porchester is the 
Queen's Master of Horse, and her Racing Manager. 

Lord Carrington, for many years British Foreign Minister, is now Henry 
Kissinger's partner in Kissinger Associates, and was recently appointed head of 
NATO. He is chum of GE chum Australian New Zealand Bank, director of Rio 
Tinto, Barclay's Bank, Cadbury Schweppes, Amalgamated Metal, British Metal, and 
Hambros Bank. His mother was the daughter of Viscount Colville, who was 
financial secretary of the treasury 1936-38. Richard Davis notes in "The English 
Rothschilds" that Lionel Rothschild was a frequent visitor at Lord Carrington's 
house in Whitehall. In fact, Lord Carrington was related to the Rothschild family 



by marriage. The first Lord Carrington was Archibald Primrose. His son became 
Viscount Rosebery. The 5th Earl Rosebery married Hannah Rothschild, daughter 
of Mayer, in 1878. She was given away by Disraeli. 

World War II delivered the peoples of the world into the hands of the World 
Order, with the predictable result that they have been systematically despoiled, 
terrorized, oppressed and massacred in further "managed conflicts", not the least 
of which was the Vietnam War, in which American boys with little or no combat 
training were sent into battle against the highly trained guerilla troops of Ho Chi 
Minh and General Giap, communist troops whose leaders had been intensively 
trained by the special OSS Deer team. 

The Rothschilds rule the U.S. through their foundations, the Council on 
Foreign Relations, and the Federal Reserve System, with no serious challenges to 
their power. Expensive "political campaigns" are routinely conducted, with 
carefully screened candidates who are pledged to the program of the World Order. 
Should they deviate from the program, they would have an "accident", be framed 
on a sex charge, or indicted on some financial irregularity. Senator Moynihan 
stated in his book, "Loyalties", "A British friend, wise in the ways of the world, put 
it thus: They are now on page 16 of the Plan." Moynihan prudently did not ask 
what page 1 7 would bring. 

The American citizen works hard and pays taxes, blissfully unaware that at 
any moment the secret rulers, operating through the Federal Reserve Board, can 
make a monetary ruling which will place him in onerous debt or bankrupt him. 
Gary Allen writes in American Opinion, Oct. 7, 1979, "Whatever the future holds, 
you can bet it will be unstable with wide swings in the value of the dollar and 
precious metals. As long as Volcker's sponsors know in advance what his policies 
will be, they will make big money." This accurate prediction was followed by 20% 
interest and 25% inflation. 

Businessweek, Feb. 20, 1984, stated, "The worst market for traders is a stable 
one.... Investment banks now have a greater than ever vested interest in market 
instability. They can rack up enormous profits by guessing right about rapid, wide 



swings in profits, prices and interest rates." It is obvious that they can rack up 
"enormous profits" if they know in advance what the monetary decisions will he. 
Anyone who seriously believes that no one knows in advance what Federal Reserve 
decisions will be is too naive to be allowed out on their own; anybody who 
believes that there is no one who can tell the Federal Reserve Board what its 
policies are to be is even more out of touch with reality. Many people believed that 
Lord Montagu Norman ran the Bank of England as a one-man show for thirty 
years, showing that some people will believe anything. A. Craig Copetas writes in 
Harper's, Jan. 1984, "How the Barbarians Do Business" about the 2,000 dealers of 
the London Metal Exchange, that viewing these people objectively, "you are left 
with a simple scrap merchant - a rag and bone man, as the British call their junk 
dealers." It is the rag and bone men who are running the economies of the world 
up and down like a window shade, and profiting handsomely on every move of the 
markets. 

Carter Field notes in his biography of Baruch, "Baruch got out of the market 
just before the Crash. But what made Baruch sell stocks and buy tax-exempts at 
such a favorable time?" Field offers no answer. Norman Dodd, who was then 
with Bankers Trust, states that Henry Morgenthau came into Bankers Trust a few 
days before the Crash, and ordered the officers to close out all securities of his 
trusts, $60 million, in three days. The officers tried to remonstrate with him, 
pointing out that if he would sell them over a period of weeks, he would make 
much greater profits, perhaps five million dollars more than if they were disposed 
of on such short notice. Morgenthau became furious, screaming at them, "I didn't 
come here to argue with you ! Do as I say!" Black Friday occurred within the 
week. 

On May 30, 1936, Newsweek wrote about a Roosevelt appointee to the 
Federal Reserve Board, Ralph W. Morrison, "He sold his Texas utility stock to 
Insull for ten million dollars, and in 1 929 called a meeting and ordered his banks to 
close out all security loans by Sept. 1. As a result, they rode through the depression 
with flying colors." 



The insiders come through "with flying colors", while millions of victims are 
ruined, destroyed by forces which they refuse to believe exist. Heartbreak, losses 
of homes and businesses, breakdowns, suicides, destruction of families, these are 
the results of World Order economic policies initiated and carried out by "the rag 
and bone men". 

Through its monetary command to the Federal Reserve Board, the World 
Order determines the outcome of American elections. A news commentator 
recently pointed out that Paul Volcker would determine whether Reagan would be 
re-elected. In 1980, the Federal Reserve Board deliberately defeated Carter and 
elected Reagan. Otto Eckstein noted in U.S. News, Sept. 5, 1983, that the prime 
rate reached 21.5% in late 1980, creating a recession in an election year. Eckstein, 
head of Data Resources in Lexington, Mass. (he later died suddenly), said, "The 
Federal Reserve had never before made such a move." Only the World Order 
knows whether the Federal Reserve will ride Reagan back into office in 1984 on a 
high tide of prosperity, or throw him out as the new Herbert Hoover. The more 
likely prospect is that he will be the Herbert Hoover of 1986 or 1988. 

One critic pointed out that Volcker has boosted interest rates, which hurts 
U.S. stocks, making short term U.S. money instruments more desirable than long- 
term, and bringing about the very instability of foreign capital flows which he 
claims to fear. Gordon Thether writes in The London Financial Times, "In all 
history, there can be fewer instances of a man having inflicted greater damage on 
the interests of his fellow human beings than Volcker has done with 'benigh 
neglect' and its all too many malignant manifestations - not the first of which is the 
ill-conceived gold demonetization campaign Washington has been engaged in since 
the late 60s. Interest rates rise when gold does not back currency." 

Through the London Gold Pool, the Federal Reserve System and the U.S. 
Treasury disposed of American gold at the giveway price of $35 an ounce, one 
tenth of its current value, robbing the American public of billions of dollars. On 
July 24, 1969, Volcker authorized SDR paper gold, Special Drawing Rights, to 
replace gold in foreign exchange. He then triumphantly remarked to his fellow 



bankers in Paris, "Well, we got this thing launched." Secretary of the Treasury 
Connally then took the Nixon Administration off gold, devaluing the dollar in 
August, 1971. 

On July 17, 1984, Jack Anderson described the Federal Open Market 
Committee in the Washington Post as "a mysterious council of 12", "the enigmatic 
group" with "excessive secrecy" who, says Anderson, "influence what rates you will 
pay, how much money will be available for business to borrow and whether 
inflation once again will eat up your earnings and reduce the value of your bank 
accounts." 

Despite the far-reaching importance of "Volcker's" decisions, his testimony 
before Congress is shrouded in gobbledy-gook; this writer has gone through 
hundreds of pages of his testimony without finding a single quotable phrase about 
his economic intentions. On July 9, 1984, Jack Anderson said of Volcker's 
meetings with high Treasury officials, "One of them, asked if he could recall 
anything Volcker had said during the high-level meetings, thought a moment and 
replied, 'I can't remember anything he said that I understood'." 

Sen. Moynihan noted in the New Republic, Dec. 31, 1983, "The Fed does not 
control the precise money supply and cannot precisely determine interest rates. 
But it can set the direction and range for both, and this it did. Anyone who tried to 
dissent was soundly rapped. Its two dozen or so central bankers decided to bust 
the economy, and bust it they did." 

Paul Craig Roberts writes in Businessweek, Feb. 27, 1984, "Whatever Volcker's 
intentions, the empirical data show that there has been a deceleration in money 
growth since last spring and that the Fed has been using open market operations to 
keep interest rates up.... What concerns the financial markets is the eclipse of 
Reagan's policies by Volcker's.... the most likely result will be higher taxes and 
higher deficits." 

Nevertheless, the press and the Democrats attack Reagan as responsible for 
the deficit, over which he has no control, and which Volcker creates. 



The New York Times stated that whoever won the election in Nov. 1984, it 
has already been decided that taxes will be increased by $100 billion. Here again, 
why have an election of elected officials who have no influence in economic affairs 
? Brunner recently interviewed Walter Wriston, retired head of Citibank, who said, 
"I have been through the Fed's actions for the past fifteen years in detail - the Fed 
has exercised a malign influence on the economy of this country. Its interference 
in the financial markets of America over the last decade has resulted in persistently 
excessive money growth, inflation which undermined the financial strength of U.S. 
corporations owing to the combined inflation and excessive rates of taxation, and 
record debt." 

Forbes pointed out June 20, 1983 in a story about "Tony" Solomon, 
"Solomon may be the most important man in the Federal Reserve System after the 
chairman, and what he says and does has an effect upon us all." 

Perhaps you have never heard of "Tony" Solomon. Certainly you have 
never voted him into any office, yet what he says and does has an effect upon us 
all. He is the chairman of the Federal Reserve Bank of New York, a post formerly 
held by Paul Volcker. This bank represents the New York money market in the 
Federal Reserve System. Fifty-three per cent of its stock is held by five New York 
banks whose controlling influence is the London House of Rothschild. The 
chairman of the FRBNY sits permanently on the FOMC at the right hand of the 
chairman of the Board of Governors. Sec. 12A of the 1913 Federal Reserve Act 
provided that five representatives of the 12 Federal Reserve Banks should rotate on 
the FOMG. This was quietly amended in August 1943, while World War II was 
raging, to read, "one elected annually by the board of directors of the Federal 
Reserve Bank of New York" replacing the provision that "one should be elected 
annually by the boards of directors of the Federal Reserve Banks of Boston and 
New York". FRBNY is now the only Federal Reserve Bank with a permanent seat 
on the FOMC. The American public was never informed of this change. 



CHAPTER FOUR 



The Buisness of America 



John Moody, author of many standard reference works on American 
finance, stated in McClure's Magazine, Aug., 1911, "The Seven Men," 

"Seven men in Wall Street now control a great share of the fundamental industry 
and resources of the United States. Three of the seven men, J.P. Morgan, James 
Stillman, and George F. Baker, head of the First National Bank of New York, 
belong to the so-called Morgan group; four of them, John D. and William 
Rockefeller, James Stillman, head of the National City Bank, and Jacob H. Schiff of 
the private banking firm of Kuhn, Loeb Co., to the so-called Standard Oil National 
City Bank group ... the central machine of capital extends its control over the 

U.S The process is not only economically logical; it is now practically 

automatic." 

What was true in 191 1 is even more true in 1984; the seven men are now, as 
then, merely American agents for London interests. In 1919, Moody wrote in 
"Masters of Capital", "All of the great bankers began as dry goods traders, 
including Junius S. Morgan." Beebe Morgan was a dry goods house. J.M. Beebe 
Co. of Boston made Junius S. Morgan a partner. Junius Morgan was later invited 
to join George Peabody & Co. of London, which handled most of the House of 
Rothschild's trading in American stocks. Junius Morgan's son, J.P. Morgan, later 
changed the name of the firm to J.P. Morgan & Co., but it continued to one of 
three representatives of the House of Rothschild in the U.S., the others being 
Kuhn, Loeb & Co. and August Belmont. 

The Morgan group and the National City Bank group held a secret meeting 
at Jekyl Island, Ga. the week of Nov. 22, 1910 to consolidate their financial power. 
Present were Sen. Nelson Aldrich (his daughter married John D. Rockefeller Jr.), 
his private secretary, Shelton, A. Piatt Andrews, Asst. Sec. of the Treasury, Frank 
Vanderlip, president National City Bank, Henry P. Davison, J.P. Morgan's 
righthand man, Charles D. Norton, pres. First National Bank of New York, 



Benjamin Strong of Liberty Natl. Bank (he later married the daughter of the 
president of Bankers Trust, became president of Bankers Trust, and chairman of 
the Federal Reserve Bank of New York) and Paul Warburg, a German immigrant 
who had joined Kuhn, Loeb & Co. 

Although these men were the most influential financiers in the U.S., they 
were present at Jekyl Island merely as the emissaries of Baron Alfred Rothschild, 
who had commissioned them to prepare legislation establishing a central bank in 
the U.S., modelled on the European fractional reserve central banking 
organizations of the Reichsbank, the Bank of England, and the Bank of France, all 
of which were controlled by the House of Rothschild. 

To enact the Federal Reserve Act into the law of the land, the bankers 
elected Woodrow Wilson president of the U.S. in 1912 by splitting the Republican 
Party, defeating the popular William Howard Taft by financing Theodore 
Roosevelt's malicious Bull Moose third party candidacy. Wilson's academic career 
at Princeton had been financed by gifts from Cleveland H. Dodge, director of 
National City Bank, and Moses Taylor Pyne, grandson and heir of the founder of 
National City Bank. Wilson then signed an agreement not to go to any other 
college. The Federal Reserve Act was legislated through Congress as the Glass- 
Owen bill, backed by two Democrats, Congressman Carter Glass of Virginia, and 
Sen. Robert Owen of Oklahoma. Owen was persuaded to back the bill by Samuel 
Untermyer, who had cultivated him while acting as counsel for the Pujo Money 
Trust investigation. Untermyer flattered Owen by entertaining him at Greystone, 
his palatial Hudson River estate. Untermyer claimed to be a "progressive 
Democrat", although he lived in feudal splendor, employing 167 men to tend his 
expanse of orchids and greenhouses. At Greystone, Owen dined with Paul 
Warburg, Bernard Baruch, and other financiers who had been instructed to get the 
Federal Reserve Act passed. Owen, a former Indian agent who knew little about 
finance, was easily persuaded by Paul Warburg's doctrinaire pronunciamentos 
about "our antiquated banking system", which must be brought up to par with the 
more modern banking system of Europe. 



After the Federal Reserve Act had been passed by Congress and signed into 
law by President Woodrow Wilson, six New York banks controlled by the Morgan- 
Standard Oil group bought controlling interest of the Federal Reserve Bank of 
New York, which they have held ever since. The May 19, 1914 organization chart 
of the Federal Reserve Bank of New York shows that of the 203,053 shares issued, 
National City Bank took 30,000 shares; the Morgan-Baker First National Bank 
took 15,000 shares. These two banks merged into the present Citibank in 1955, 
giving them one-fourth of the shares in the Federal Reserve Bank of New York. 
The $134 billion Citicorp is now the largest bank in the U.S. The National Bank of 
Commerce of which Paul Warburg was a large shareholder, took 21,000 shares; 
Hanover Bank (now Manufacturers Hanover, of which Lord Rothschild is a 
director,) took 10,200 shares; Chase National Bank took 6000 shares; Chemical 
Bank took 6000 shares. These six banks in 1914 owned 40% of the stock of the 
Federal Reserve Bank of New York. The Federal Reserve System printout of 
shareholders July 26, 1983 showed that they now own 53%, as follows: Citibank 
15%; Chase Manhattan 14%; Morgan Guaranty Trust 9%; Manufacturers 
Hanover 7%; Chemical Bank 8%. Citicorp Citibank is No. 1 in size in the U.S. 
No. 3 is Chase Manhattan with $82 billion assets; No. 4 is Manufacturers Hanover, 
$64 billion; No. 5 is J.P. Morgan, $58 billion; No. 6 Chemical Bank. No. 11 is 
First Chicago, formerly First National Bank of Chicago, controlled by the Baker- 
Morgan interests. House Rept. 159362, p. 183, notes, "Next to Baker and Son, 
Morgan & Co. is the largest stockholder of First National (of New York), owning 
14,500 shares; Baker and Morgan together own 40,000 of the 100,000 shares of 
First National Bank." 

The New York Times, Sept. 3, 1914, at the time of the Federal Reserve stock 
was being sold, showed the principal stockholders of these banks as follows: 
National City Bank - 250,000 shares of which James Stillman owned 47,498; J.P. 
Morgan & Co., 14,500; W. Rockefeller 10,000; M.T. Pyne 8267; Percy Pyne 
8267; J.D. Rockefeller 1750; J.S. Rockefeller 100; W.A Rockefeller 10; J.P. 
Morgan Jr. 1000. National Bank of Commerce, 250,000 shares - George F. Baker 



10,000; J.P. Morgan Co. 7800; Mary W. Harriman, (widow E.H.) 5650; Paul 
Warburg 3000; Jacob Schiff 1000; J.P. Morgan Jr. 1100. Chase Natl. Bank - 
George F. Baker 13,408. Hanover Natl. Bank - James Stillman 4000; William 
Rockefeller 1540. 

During a period when thousands of U.S. banks have gone bankrupt since 
1914, these banks, protected by their interest in the Federal Reserve Bank of New 
York, have grown steadily. A Senate Report, "Interlocking Directorates among the 
Major U.S. Corporations, a staff study of the Senate Committee on Governmental 
Affairs," June 15, 1978, shows that five of these aforementioned banks held a total 
of 470 interlocking directorates in the 130 major corporations of the U.S., an 
average of 3.6 directors per major U.S. Corporation. This massive report is worthy 
of anyone's detailed study; we can only give the totals here: 

CITICORP 97 directorates 

J.P. MORGAN CO. 99 directorates 

CHEMICAL BANK 96 directorates 

CHASE MANHATTAN 89 directorates 

MANUFACTURERS HANOVER 89 directorates 

Total 470 

This centralized control over American industry by five New York banks 
controlled from London suggests that instead of 130 major U.S. corporations, we 
may have only one, which in itself is an outpost of the London Connection. 

In the early 19th century, the House of Rothschild established a number of 
affiliates in the U.S. which carried the code identification of City banks, or City 
companies, identifying them as originating in the financial centre, the City of 
London. The City Bank was established in New York in 1812, in the same room in 
which the Bank of the United States had operated until its charter expired. Later 
called the National City Bank, its principal for fifty years was Moses Taylor, whose 
father had been a confidential agent for John Jacob Astor and British intelligence. 
Like the Morgan-Peabody operation, Moses Taylor doubled his fortune in the 



Panic of 1837 by purchasing stock in the depressed market with capital advanced 
by N.M. Rothschild of London. During the Panic of 1857, while many of its 
competitors failed, City Bank prospered. Moses Taylor purchased the outstanding 
stock of Delaware Lackawanna Railroad for $5 a share during the panic. Seven 
years later, it was worth $240 a share. He was now worth $50 million. His son-in- 
law, Percy Pyne, had come from London to work at City Bank, and married 
Taylor's daughter. When Taylor died in 1882, he left $70 million. His son-in-law, 
now paralyzed, became president of the now National City Bank. John D. 
Rockefeller's brother William invested in the bank, and persuaded Pyne to step 
aside in 1891 in favor of James Stillman, Rockefeller's associate, to become 
president. William's son William married Stillman's daughter Elsie; his other son 
Percy married Stillman's daughter Isabelle. James Stillman also had a London 
connection - his father, Don Carlos, had been a Rothschild agent in Brownsville, 
Texas and a successful blockade runner during the Civil War. 

The National City Bank acquired several subsidiaries in New York, the 
National City Co., later renamed the City Co., and City Bank Farmers Trust Co. 

The dominance of the Morgan-Kuhn Loeb financial power in New York is 
shown by a Dow Jones report in the New York Times Feb. 11, 1928 that of total 
offerings of bonds in 1927, J.P. Morgan was first with $502,590,000; National City 
Co. was second with $435,616,000; Kuhn Loeb was third with $423,988,000. On 
July 3,1929, the New York Times noted that Charles A. Peabody had joined the 
boards of National City Co. and City Bank Farmers Trust. On Aug. 4, 1932, the 
New York Times stated that National City Bank would issue its own currency 
against U.S. bonds carrying the circulatory power under the new Federal Home 
Loan Bank Act which empowered National City Bank to issue up to $124 million 
in currency. The National City Bank had now become a "bank of issue", a 
function formerly reserved to central banks. On June 8, 1933, James H. Perkins, 
chmn National City Bank, announced the National City Co., would change its 
name to City Co. of New York. On Nov. 21, 1933, the National City Bank listed 



31 affiliates including City Bank Farmers Trust, City Co. of New York, City Co. of 
Massachusetts, 44 Wall St. Co. and Cuban Sugar Plantations Inc. 

On March 3, 1934, the New York Times announced that National City Bank 
would sell the National Bank of Haiti, a wholly owned subsidiary, on April 29, 
1 934. The Times also noted that National City Bank had organized United Aircraft 
Feb. 2, 1934, and that its subsidiary, City Bank Farmers Trust had celebrated its 
112th anniversary on Feb. 28, 1929. 

On June 27, 1934, the City Co. of New York was designated German bond 
scrip agent in the U.S. On May 22, 1933, City Co. of N.Y announced its merger 
with Brown Bros. Harriman, with Joseph Ripley as chairman of the board. The 
company went through several name changes as Brown Harriman Co., Harriman 
Ripley, and is now Brown Bros. Harriman once more. 

On March 4, 1934, Gen. Billy Mitchell, addressing the Foreign Policy 
Association, stated that National City Bank and its affiliates control aviation in this 
country. Allen W. Dulles, introduced as a "specialist in international affairs" 
announced the profits of international munitions makers were unconscionable. 

On March 2, 1955, National City Bank announced it would purchase the 
stock of First National Bank for $165 million, $550 a share (in the 1929 boom, 
First National sold for $8600 share). Some market analysts believed the stock 
should have brought $750 a share in the 1955 sale, suggesting that the Baker family 
was no longer able to protect its interests. The resulting Citibank became the 
largest bank in the U.S., with a controlling interest in the Federal Reserve Bank of 
New York. National City Bank had been in Hong Kong for eighty years; it has a 
$90 million Citibank Centre there. In 1983, 4% of its annual profits came from the 
Hong Kong operation, which is the center of the world's drug trade. 

Besides its controlling interest in the Federal Reserve Bank of New York, the 
Rothschilds had developed important financial interests in other parts of the 
United States. The House Banking and Currency Committee Report May, 1976, 
"International Banking", p. 60, identified the Rothschild Five Arrows Group and 
its present five branches: N.M. Rothschild & Sons Ltd. London; Banque 



Rothschild, France; Banque Lambert, Belgium; New Court Securities, N.Y.; 
Pierson, Holdring & Co., Amsterdam. These five were combined in a single bank, 
Rothschild Intercontinental Bank Ltd. The House Staff Report discloses that 
Rothschild Intercontinental Bank Ltd. has three principal American subsidiaries: 
National City Bank of Cleveland; First City National Bank of Houston (First City 
Bancorp); and Seatde First National Bank. These Rothschild subsidiaries were 
ranked in 1983 as follows: First City Bancorp Houston, 23rd in size in U.S., $17 
billion assets; National City Corp. of Cleveland, 48th largest in U.S., $6.5 billion 
assets. National City Corporation of Cleveland has exercised a dominant role in 
Midwestern industry and politics for many years; First City Bancorp dominates 
Texas oil and heavy industry as well as Texas politics. 

In 1900, Cleveland was the home of Marcus Alonzo Hanna (known as 
Mark), the legendary political boss of the Republican Party. He twice nominated 
and elected an Ohio Congressman, William McKinley, to the Presidency of the 
U.S. He initiated the checkoff system by which banks and corporations were 
required to make regular political contributions. Hanna founded two companies; 
M.A. Hanna Co., and Hanna Mining Co., which acquired large steel and iron 
holdings. In 1953, President Eisenhower named George Humphrey Secretary of 
the Treasury. Humphrey, president of M.A. Hanna Co., was also chmn National 
Steel Co. (recently acquired by Nippon Kokan, a Japanese concern); director of 
Sun Life Assurance Co. (Rothschild), Industrial Rayon Corp., the world's largest 
manufacturer of auto tire cord (L.L. Strauss of Kuhn, Loeb Co. controlled the 
firm; Harry Byrd Jr. was also a director. Humphrey was also a director of the 
National City Bank of Cleveland. Other directors of this bank were C.T. Foster, 
chmn Standard Oil of Ohio; JA. Greene, chmn Ohio Telephone Co.; L.L. White, 
chmn Chicago & St. Louis Rwy.; RA. Weaver, chmn Ferro Corp.; J.B. Ward, 
President Addressograph Co.; H.B. Kline, President Industrial Rayon Corp.; and 
William McAfee, director Standard Oil of Ohio. National City Bank of Cleveland 
now has $6.5 billion assets, 8,171 employees, and seventeen companies. It recently 
purchased the $500 million revenues bank, BANCOHIO. 



In 1978, George Humphrey's son, Gilbert W., was chmn Hanna Mining Co., 
director National City Bank of Cleveland, Sun Life Assurance, National Steel, 
Massey Ferguson, General Reinsurance, and St. John del Rey Mining Co. M.A. 
Hanna Co. the holding company, was liquidated in 1965, and its $700 million assets 
distributed to its stockholders. 

The National City Bank of Cleveland's influence was not limited to the 
Hanna and Humphrey families. As the Ohio Connection of the House of 
Rothschild, it guided the careers of two of the nation's best known families, the 
Tafts and the Rockefellers. The bank financed the Taft family's activities in politics 
and business, the Taft Broadcasting Co. and other firms. John D. Rockefeller's 
success began when he obtained the backing of the National City Bank of 
Cleveland to finance his takeover of his competitors in the oil business. Because 
J.P. Morgan and Kuhn, Loeb Co. controlled 95% of all railway mileage in the U.S. 
in the latter half of the 19th century, they offered Rockefeller special rebates on 
shipping oil through his holding company, South Improvement Co. This enabled 
him to undersell and ruin his competitors. One of them was a Mr. Tarbell, whose 
daughter, Ida Tarbell, later wrote the first expose of Standard Oil and was termed a 
"muckraker" by Theodore Roosevelt, a term which promptly went into the 
language. The entire Rockefeller empire was financed by the Rothschilds. 

When Lincoln Steffens became a Wall Street reporter, he interviewed both 
J.P. Morgan and John D. Rockefeller on several occasions. He soon realized that 
these gentlemen, powerful though they were, were mere front men. He noted that 
"No one ever seems to ask the question 'who is behind the Morgans and the 
Rockefellers ?"' No one else ever asked the question, nor did anyone answer it ! 
Steffens knew the money for their operations was coming from someone else, but 
never managed to trace it. 

In February 1930, one of the few articles on the Rothschilds ever to appear 
in an American magazine appeared in Fortune, which stated, "On only one 
important point did the Rothschilds guess wrong. They never would have anything 
to do with the U.S. of America. Imagination falters at what the Rothschilds might 



be today if they had spent on the infant industries of this country one-half the sums 
they poured into Imperial Austria." 

The Fortune writer did not know then and probably never knew that the 
Rothschilds have always controlled the Morgan and Rockefeller operations, as well 
as the foundations set up by these front men to control the people of the United 
States. 

During the past quarter of a century, many writers have published alarming 
exposes of the Rockefellers and their control of the U.S. through the Council on 
Foreign Relations. In 1950, the New York Times carried a small notice on an 
inside page that L.L. Strauss, a partner of Kuhn, Loeb Co., had been appointed 
financial advisor to the Rockefeller brothers. In short, all their investments must 
be approved by a partner of Kuhn, Loeb Co. It has always been thus, beginning 
with Jacob Schiff. Strauss held the position from 1950 to 1953, when it passed to J. 
Richardson Dilworth. Dilworth, who married Elizabeth Cushing, was a partner of 
Kuhn, Loeb Co. from 1946 to 1958, when he became director of Finances for the 
entire Rockefeller family, presiding over all their accounts on the 56th floor of 
Rockefeller Center. He held the position until 1981. He is now Chairman of the 
Board of Rockefeller Center, director of International Basic Economy Corp., 
Chrysler, R.H. Macy, Colonial Williamsburg and Rockefeller University. 

The National City Bank of Cleveland continues to dominate Midwestern 
industry and politics. For many years, its primary law firm has been Jones, Day, 
Reavis and Pogue of Cleveland. The Washington Post announced Dec. 19, 1983 
that this law firm was spending $5 million for office space in Washington to house 
a staff of sixty lawyers, making this Cleveland law firm one of the most potent 
lobbying groups in Washington. 

Hanna Mining Co., despite relatively modest revenues of $333 million 
exercises an important role, as shown by its board of directors, including such 
distinguished names as Herbert Hoover Jr. (Under Secretary of State under 
Eisenhower & Dulles); Stephen D. Bechtel, chmn of Bechtel Group and director 
of J.P. Morgan Co.; K.L. Ireland of Brown Bros. Harriman; George F. Bennett, 



treasurer of Harvard University, and Nathan W. Pearson, financial manager of the 
Mellon family. 

Despite the Hollywood image of redfaced Texas oil millionaires driving new 
Cadillacs, the Texan oil industry has for years been dominated by the London 
Rothschilds through the billion dollar First City National Bank of Houston, and its 
fifty-seven subsidiary Texas banks. Chairman of First City is James Anderson 
Elkins Jr., who is a director of Hill Samuel Co. of London, one of the seventeen 
merchant banks chartered by the Bank of England. His father was chairman of 
First City, and founded the Texas law firm of Vinson and Elkins, the primary law 
firm of First City Bank. This firm dominated national politics through its most 
well known partner, John B. Connally, who achieved a reputation as "kingmaker" 
in Texas politics. He began as administrative assistant to Congressman Lyndon B. 
Johnson in 1949, then became attorney for the oil millionaire Sid Richardson, and 
Perry Bass, 1952-61, Secretary of the Navy 1961, Governor of Texas 1963-69; 
Secretary of the Treasury 1971-72. He was wounded in the Kennedy assassination 
in Dallas. He is now trustee of the Andrew Mellon Foundation, serves on the 
President's Foreign Intelligence Advisory Board, and the Advisory Committee on 
Reforming the International Monetary System. He advised Nixon on devaluing the 
dollar and going off the gold standard in 1971. He is now director of Superior Oil, 
and Falconbridge Nickel Mines Ltd. 

James Anderson Elkins is also director of Freeport Minerals, whose directors 
include some of the leading names in American business. Chmn of Freeport is 
Benno H. Schmidt, managing director of J.H. Whitney Co. Schmidt, who married 
into the wealthy Fleischmann family — (New Yorker magazine etc.) graduated from 
Harvard Law in 1941, became general counsellor of the War Production Baord in 
Washington 1941-42, and headed the Foreign Liquidation Commission 1945-46, 
which disposed of billions of dollars worth of property. He is also director of CBS, 
and Schlumberger, the huge oil field service firm who began business in 1928 when 
it was awarded its first contract by the Soviet Union - it is said to have important 
Anglo-Swiss intelligence connections. Other directors of Freeport Minerals are 



William McChesney Martin Jr., Chairman of the Federal Reserve Board 1951-1970, 
now director of J.P. Morgan U.S. Steel, Eli Lilly, General Foods, Royal Dutch Shell, 
IBM, American Express, Riggs National Bank, and Scandinavian Securities (the 
Wallenberg firm); Donald S. Perkins, of Morgan Guaranty Trust, Time magazine; 
John B. Madden, partner Brown Bros. Harriman; Godfrey S. Rockefeller; 
Norborne Berkeley Jr., director Uniroyal, and Anglo-Energy Ltd. 

Other directors of First City Bancorporation include Anne Armstrong, U.S. 
Ambassador to Britain 1976-77, co-chmn Reagan-Bush Campaign 1980, director of 
General Foods, General Motors, trustee Hoover Institution, Guggenheim 
Foundation, Atlantic Council, Council on Foreign Relations, Halliburton Co.; 
George R. Brown, director of Halliburton - he founded the huge contracting firm, 
Brown & Root, which financed Lyndon B. Johnson's political campaigns, 
subsequently receiving billion dollar contracts to construct naval bases and airfields 
in Vietnam, which are now being used by the Soviet Navy and Air Force. Brown 
married into the Pratt family, founded Texas Eastern an oil firm, and is director of 
ITT, TWA, and the Brown Foundation. The Brown-Johnson association began in 
1940, when Johnson secured a lucrative contract for Brown & Root to build a large 
naval base at Corpus Christi, Texas; it was said then that any course chosen by 
Johnson would be paved by money from Brown & Root. J. Evetts Haley pointed 
out that Brown & Root prospered on government contracts after Johnson helped 
them and rapidly became a worldwide operation. In 1940, the Internal Revenue 
Service found that large contributions given to Johnson by Brown & Root and its 
subsidiary, Victoria Gravel Co., as much as $100,000 each, were taken by Brown & 
Root as tax deductions. Haley states, "Brown & Root were in control of Texas 
politics; that L.B. Johnson was in control of IRS; that records had been burned at 
IRS to get Brown off the hook in 1954. Johnson and Connally then picked up a 
government plant for a small sum which became a giant wartime contractor, the 
Sid Richardson Carbon plant at Odessa, Tex., in which Mrs. Lyndon B. Johnson 
had a one- fourth interest." In 1955, Johnson suffered a major heart attack on his 
way to George Brown's palatial Middleburg Va. estate. 



As mentioned, Brown is a director of Halliburton, whose primary law firm is 
also Vinson & Elkins. In 1981, Halliburton had $8.3 billion revenues, 110,398 
employees, and daily monitors most U.S. oil wells. In addition to George Brown 
and Anne Armstrong, directors of Halliburton include Lord Polwarth of Scotland, 
who is Governor of the Bank of Scotland, director of Canadian Pacific, Sun Life 
Assurance Ltd. and Brown & Root UK which interlocks with George Wimpey 
Ltd., the largest construction firm in England, through Brown & Root Wimpey 
Highland Fabricators. Lord Polwarth, Henry Hepburne-Scott, is a descendant of 
James Hepburn, Earl of Bothwell, who was married to Mary, Queen of Scots. The 
first Baron Polwarth (1641-1724) was Sir Patrick Hume, first Earl of Marchmont, 
and William of Orange's closest advisor. He accompanied William in 1688 on his 
voyage to take possession of the throne of England, and became his privy 
councillor, in which office he advised William to grant the charter of the Bank of 
England. He became a peer of Scotland 1689, Lord Chancellor of Scotland 1696- 
1702, and Earl of Marchmont 1697. He passed the Act of Succession on to the 
House of Hanover, and was reappointed by King George I. 

John Pickens Harbin, president of Halliburton, is a director of Citicorp. 
Another director of Halliburton is William E. Simon, Secretary of the Treasury 
1973-77. He is a director of Citicorp, Citibank, and United Technologies. As 
director of Citibank, he interlocks with Lord Aldington of London (Toby Low), 
who is also director of Ci[ibank and chairman of Sun Life Assurance, the keystone 
of the Rothschild fortune. Lord Aldington is chairman of Grindlay's Bank, 
London, director of General Electric Ltd., Lloyd's Bank, United Power Ltd., and 
National Discount Corp. 

During a national "oil crisis" government officials complained they could 
not obtain any records from oil companies on production and reserves, yet 
Halliburton received this information on a daily basis. 

As director of United Technologies, William Simon again interlocks with 
Citibank, the only corporation which has four officers on the board of directors of 



Citibank - Harry Gray, churn of United Technologies, Simon, William I. Spencer, 
who is president of Citibank, and Darwin Eatna Smith, chmn of Kimberly Clark. 

Other directors of United Technologies are Robert F. Dee, chmn & CEO of 
the Smith Kline drug firm; T. Mitchell Ford, general counsel CIA 1952-55, now 
chmn of the $1.8 billion Emhart Corp., and director of Travelers Insurance; 
Richard S. Smith, exec, vice-pres. National Steel, was with First National Bank 
New York 1952-62, and treasurer of M.A. Hanna Co. 1962-63, and director of 
Hartford Fire Insurance, and Hartford Accident & Indemnity; Charles W. Duncan, 
Jr., dep. Sec. Defense, 1977-79, Sec. Dept of Energy 1979-81, chmn Coca Cola 
International, chmn Coca Cola Europe, director Humble Oil Co.; Melvin C. Holm, 
pres & CEO Carrier Corp., director N.Y. Telephone, Mutual of New York SKF 
Industries; Antonia Chandler Hayes, wife of Abram Hayes, who was law clerk to 
Felix Frankfurter, later joined Covington & Burling, Washington 1952-55, wrote 
the Democratic Natl. Platform 1960, legal adviser Sec. of State 1961-64, director of 
foreign policy Democratic Natl. Committee 1972; Jacqueline Wexler, pres. 
Webster College 1965-69, pres. Hunter College since 1969, leader of the feminist 
movement; and Robert L. Sproull, with the Dept. Defense 1963-65, pres. Univ. of 
Rochester since 1 970, lecturer at NATO, director of Xerox, General Motors, pres. 
Telluride Assn. 

Other directors of First City Bancorporation are John Diesel, pres. of 
Tenneco, which interlocks with the George Bush oil firm, Zapata Oil Corp., whose 
chmn John Mackin is a director of Tenneco; Randall Meyer, pres. Exxon; M.A. 
Wright, former chmn Exxon 1966-76, now chmn Cameron Iron Works. 

Other directors of Halliburton Corp. include James W. Glanville, former 
ptnr. Lehman Bros, and Lazard Freres, was with Humble Oil 1945-59, Lehman 
Bros. 1959-78, had been with Lazard Freres since 1978, and is director of 
International Mining & Chemical Co. Other directors of Lazard Freres include its 
senior partner, Michel David Neill, head of the Paris house of Lazard Freres; 
Donald C. Cook, SEC financial examiner 1935-45, director Office of Alien 
Property Custodian for Dept. of justice, 1946-47, commissioner SEC 1949-53, and 



is now director of ABC, Amerada Hess, chmn of the board American Electric 
Power and director of General Dynamics, the defense oriented firm; Felix 
Rohatyn, horn in Austria, came to U.S. 1942, married Jeannette Streit, daughter of 
Clarence Streit, head of Union. Now with England; Rohatyn joined Lazard Freres 
in 1948, is director of Schlumberger, MCA, American Motors, Owens Illinois, 
Engelhardt Mining & Chemical, Pfizer, ITT, and Rockefeller Bros. Fund; he is 
chmn Municipal Assistance Corp., which bailed New York City out of its 
approaching bankruptcy; Frank C. Zarb, asst. to President of the U.S. 1974-77, 
administrator Federal Energy Administration 1974-77, now director of Philbro 
Corp., Engelhard Mining & Chemical, and the Energy Fund. 

The Houston-Cleveland axis interlocks with many political figures, including 
W.Michael Blumenthal, Secretary of the Treasury 1977-79, who interlocks with the 
axis through Chemical Bank, Equitable Life and the Rockefeller Foundation; 
Robert B. Anderson, Secretary of Treasury 1957-61, partner of the law firm of 
Stroock Stroock & Lavan which administers the Warburg family finances, and 
interlocks with this group through Equitable Life, ITT and PanAm; G. William 
Miller, chmn Federal Reserve Board of Governors 1978-79, Secretary of the 
Treasury 1979-81, interlocks with this group through Textron and First City 
Bancorporation, was chmn of U.S.-U.S.S.R. Trade & Economic Council, now 
director of Federated Dept. Stores whose directors include three directors of Chase 
Manhattan Bank and interlocks with Citibank and Kuhn, Loeb Co. 

The political power of this Rothschild-controlled axis was demonstrated by 
the ease with which they financed the campaigns of two governors of supposedly 
conservative Southern states, John D. Rockefeller IV. in West Virginia, and Charles 
Robb, son-in-law of Lyndon B. Johnson, in Virginia, heir to the Connally-Brown & 
Root- First City Bancorp political clout. 

The May 1976 staff rept. of the House Banking & Currency Committee 
noted another Rothschild affiliate (p.60), "The Rothschild banks are affiliated with 
Manufacturers Hanover of London (in which they hold 20% interest, a merchant 



bank, and Manufacturers Hanover Trust of N.Y." Manufacturers Hanover recently 
bought the giant CIT Financial Corp. for $1.6 billion in October, 1983. 

Despite his reputed wealth, the elder J.P. Morgan did not leave one of the 
great American fortunes when he died in 1913; it was first estimated at $75 million, 
then 50, and finally disclosed there were only $19 million of securities in the entire 
estate, of which $7 million was owed to the art dealer Duveen. J.P. Morgan Jr. 
(known to a very few intimates as Jack) was embarrassed to find he had to sell off 
many of his father's art treasures to pay the debts of the estate. Most of the huge 
sums handled by J.P. Morgan went direcdy to the Rothschilds. In 1905, the New 
York Times noted in its obituary of Baron Alphonse de Rothschild that he 
possessed some $60 million in American securities, although the Rothschilds, 
according to most financial authorities, had never been active in American finance. 

Lincoln Steffens noted, "Senator Aldrich is a great man to me; not 
personally, but as leader of the Senate. He, Aldrich, bows to J.P. Morgan. The 
other day J.P. Morgan came to Washington, and he and I and Aldrich had a 
conference. And I noticed how he, Morgan, addressed himself to me, not to 
Aldrich. Morgan talked to me, while I talked to Aldrich, who talked to Morgan." 

Morgan's partner, George W. Perkins, worked furiously to obtain Theodore 
Roosevelt's nomination as McKinley's running mate. During Roosevelt's 
presidency, his closest advisor was George W. Perkins. Despite Roosevelt's 
nickname of "trustbuster", he protected Morgan's interests throughout his term of 
office. His successor, William Howard Taft, was opposed to Morgan, and 
introduced anti-trust legislation to control two Morgan trusts, International 
Harvester and U.S. Steel. Perkins then created the Progressive Party in 1912 to 
split the party and defeat Taft. 

J.P. Morgan's apex of power was attained in the Panic of 1907, when he 
assumed control of Wall Street. Oakleigh Thorne, president of the Trust Co. of 
America, a victim of the "panic", testified before a Congressional Committee that 
his bank had been subjected to only moderate withdrawals, that he had not applied 
for help, and that it was Morgan's 'sore point' statement alone that had caused the 



run on his bank "that Morgan interests took advantage of the unsettled 

conditions during the autumn of 1 907 to precipitate the panic, guiding it shrewdly 
as it progressed so that it would kill off rival banks and consolidate the 
preeminence of the banks within the Morgan orbit." 

Morgan's financial power came from control of the enormous cash flow of 
the nation's biggest life insurance companies. He gained control of Mutual Life, 
New York Life, Metropolitan Life, and with George F. Baker and James Stilfman, 
bought controlling interest in Equitable from Thomas Fortune Ryan, who had 
acquired it from the Hyde family. Hyde originally set Equitable up while acting as a 
front for Jacob Schiff and James Speyer. 

On June 7, 1933, Nation noted "J.P. Morgan is generally regarded as the 
most prominent banker in the world." Paul Y. Anderson mentioned in this article 
that testimony before the Senate Banking Committee showed that Morgan and his 
partners, including Thomas W. Lamont and E.T. Stotesbury, paid no federal 
income tax in 1931-32; the partners paid a total of $48,000 in 1930. Anderson 
remarked, "Is there any mystery as to why the Marines were despatched against 
Haiti, San Domingo, and Nicaragua when those countries defaulted, or threatened 
to default, on the debt payments to American banks ? It has been shown that the 
Morgan firm had a certain selected list of 'clients' to whom it sold stock at figures 
substantially under market prices. In the case of the Allegheny Corp. these fair- 
haired boys got the stock at 20, when the market was 35." Anderson pointed out 
that these fortunate few could have sold the stock immediately for almost double 
what they had paid. Among the recipients of these Morgan favors he listed Senator 
McAdoo, Justice Owen Roberts, Secretary Woodin, Owen D. Young, and John J. 
Raskob. 

In Nation, June 21, 1933, Anderson continued, "When Ft. Sumter was fired 
on, gold began to leave the country. The man who later said 'Don't sell America 
short' then took a flyer on the short side of America. He borrowed 2 million in 
gold coins and shipped it to London. This was really a blow behind the lines. 
Then he went to the 'gold room' to watch the effect. There was a scramble for 



gold to pay commitments abroad and this patriotic American with 2 million in 
eagles in London sold at his own price." 

In March, 1929, perhaps in preparation for the coming storm, two Morgan 
banks merged, the National Bank of Commerce, which, according to the New York 
Times had "important foreign connections", and Guaranty Trust, forming a $2 
billion institution. On Feb. 26, 1929, the New York Times noted, "The Guaranty 
Trust has long been known as one of the 'Morgan group'. The National Bank of 
Commerce has also been identified with Morgan interests." 

J.P. Morgan's longtime associate, George Fisher Baker, was one of the 
founders of First National Bank, purchasing 30 shares in 1 863 for $3000. He also 
was cashier, and later became president. Sheridan A. Logan's book, "George F. 
Baker and his Bank", privately printed, 1981, noted that "a European syndicate 
headed by N.M. Rothschild was represented in New York by August Belmont and 
First National Bank to refund the Government debt. Baker wrote a letter Aug. 29, 
1876, 'I have to advise you that our negotiations with the Treasury Dept. resulted 
in a contract between Messrs. N.M. Rothschild & Sons and others and the 
Secretary of the Treasury for the purpose of forty million dollars of U.S. 47> per 
cents of 1891, with an option on the remainder, $260 million. In this contract the 
bank participated to the extent of 10%, $4 million." 

Logan also states that "In 1901 Baker sold to J.P. Morgan $23 million stock 
in Central Railroad of New Jersey. The mutual confidence and respect which 
developed between Mr. Baker and Mr. Morgan cemented their increasingly close 
relationship and the First National Bank became more and more the unswerving 
ally and valuable source of mobile funds for the work of J.P. Morgan & Co." 

In 1901, Baker increased the stock of First National Bank from $500,000 to 
$10 million by a 1900% stock dividend. He organized First Security Co., a holding 
company, with this dividend. During the 1929 boom, Baker's personal fortune 
reached the $500 million mark. His son, George Jr. pleaded with him to pay of the 
$29 million owed on stocks in First Security's $80 million portfolio. Baker, then 89 
years old, had not been informed of the planned credit contraction, possibly 



because the insiders feared he might gossip about it. He continued to refuse to sell 
any stocks; the crash of 1929 reduced his fortune to $200 million. When he died 
in 1931, the estate was appraised at $73 million; his son, George Jr. inherited $30 
million. His health had been shattered by the strain of working with his father 
during the desparate days of 1929, and he died of a heart attack in Honolulu, aged 
59. His son, George F. Ill was found shot at Horseshoe Plantation, Fla. in 1977. 
George Ill's son, Grenville, was found shot at Tallahassee, Fla. in 1949, at age 33. 
George Jr.'s daughter, Edith Brevoort Baker, married Jacob Schiffs grandson, John 
Mortimer Schiff, in 1939, uniting two of America's largest fortunes. George Baker 
I's daughter Florence had married Howard Bligh St. George in 1891, member of 
one of England's oldest families. Their granddaugher Priscilla married Angier 
Biddle Duke in 1937, and second, Allen A. Ryan Jr. in 1941, a relative of the 
Delanos. 

In 1935, Gen. Smedley D. Buder wrote in the Nov. issue of Common Sense of 
his Marine career, 

"I helped make Mexico and especially Tampico safe for American oil interests in 
1914. I helped make Haiti and Cuba a decent place for the National City Bank 
boys to collect revenues in.... I helped purify Nicaragua for the international 
banking house of Brown Bros, in 1909-12. In China in 1927 I helped see to it that 
Standard Oil went its way unmolested. In 1899 J.P. Morgan floated the first 
important foreign loan on behalf of the Mexican Government. In 1901 he lent $50 
million to the British Government to fight the Boer War. But it was mainly into 
the countries of Spanish America that American capital found its way." 

Buder continued his revelations in the Dec. 1935 issue, "In 1910, six months 
after the Nicaraguan Revolution which ousted President Zelaya, his successor, Dr. 
Madris, grew cold towards the Nicaraguan investments of Brown Bros, and 
Seligman Co. Another revolution immediately 'occurred'." 

Buder mentions the Latin American activities of Brown Bros., now Brown 
Bros. Harriman, a firm litde known to most Americans. In 1801, a linen auctioneer 



from Belfast, Alexander Brown, established a banking house, Alexander Brown & 
Co. in the slavetrading port of Baltimore. It is now the oldest banking house in the 
U.S. Its English branch, Brown Shipley, also became influential, its most 
wellknown member being Lord Montague Norman, Governor of the Bank of 
England for many years, 1907-44, longer than any other man in history. Current 
Biography 1 940, noted, "There is an informal understanding that a director of Brown 
Shipley should be on the board of the Bank of England and Norman was elected to 
it in 1907." 

In expanding Rothschild investments in U.S. railroads, Kuhn, Loeb Co. 
found a useful agent in E.H. Harriman. A young man on the make, Harriman 
married the daughter of the president of a small New York railroad, and soon 
looked for more worlds to conquer. George Redmond writes in "Financial Giants 
of America" "He (Harriman) early won the confidence of Kuhn, Loeb Co. and 
established relations which later became most advantageous to both." Kuhn, Loeb 
financed the Union Pacific takeover by Harriman. H.J. Eckenrode notes in "E.H. 
Harriman", "In his takeover of UP, Harriman had behind him tremendous 
financial force - not only Kuhn, Loeb Co. with funds from Frankfurt and Berlin, 
but the National City Bank, 'the greatest source of cash in the country'." 

Harriman employed judge Robert Scott Lovett as general counsel for Union 
Pacific. When Harriman and Otto Kahn were summoned by the ICC in 1897, 
Lovett advised them to refuse to answer all questions about their stock operations. 
In 1908, the Supreme Court upheld their refusal to talk. The records of this case, 
SC No. 133 US v. UP RR, later disappeared from the Library of Congress. In 
1911, the Equitable Life Insurance building, which contained all the records of the 
UP RR, burned, destroying all UP papers to that date. Lovett's son, Robert 
Abercrombie Lovett married Adele Brown, daughter of a partner of Brown Bros, 
and became partner in 1926. He was Special Asst. Sec. of War 1940-45, under 
secretary of state, 1947-49, dep. secretary of Defense 1950-51, secretary of Defense 
1951-53. It was Lovett who took the then Secretary of Defense James Forrestal, of 
Dillon Read Co. to Fishers Island to persuade him to change his stand against U.S. 



Middle Eastern policies. Forrestal refused, and was placed in a mental ward at the 
National Institute of Health, where he fell out of the window. Lovett then replaced 
him as Secretary of Defense. 

Brown Bros, backed the B & O steamship line in 1887, and went into joint 
venture with J & W Seligman Co. on a number of South American loans. In 1915, 
Brown Bros, combined with J.P. Morgan to float a series of Latin American loans, 
which in many instances were followed by revolutions in the respective countries. 
In the Nation, June 7, 1922, Oswald Garrison Villard noted, "The Republic of 
Brown Bros with J & W Seligman had reduced Haiti, Santo Domingo, and 
Nicaragua to the status of colonies with ruinous loans. Most of the loans were 
repaid in 1924." 

In 1931, W. Averell Harriman, son of E.H. Harriman, merged his banking 
house, W.A. Harriman & Co. with Brown Bros, to form the present firm of Brown 
Bros. Harriman. In 1933, Brown Bros. Harriman backed the expansion of CBS, in 
which they have maintained a large position. The Brown Bros, firm occupied 
offices on the corner of Wall Street and Hanover which had been occupied by J.L. 
& J.S. Joseph Co., the American representatives of the Rothschilds. Josephs went 
broke in the Panic of 1837, having been cut loose by the Rothschilds, who were 
now operating through August Belmont and George Peabody & Co. W. Averell 
Harriman brought to the new firm his vice president, Prescott Sheldon Bush, who 
had been with him since 1926. Bush became chairman of the Board of 
Pennsylvania Water & Power Co., director U.S. Rubber, PanAm, CBS, Dresser Mfg 
Co. Vanadium, U.S. Guaranty, Prudential Insurance and partner Brown Bros 
Harriman. He was chmn National War Fund 1943-44 and chmn USO. His son 
George Bush is now vice president of the U.S. George Herbert Walker, 
grandfather of George Bush, who was named after him, became president of WA. 
Harriman Co. in 1928 (now Brown Bros. Harriman). He was director of Belgian- 
American Coke Ovens Corp., chmn Habershaw Cable Corp., chmn International 
Great Northern Railway, director Certain Teed Products, American Shipping & 
Commerce Corp., American International Corporation, Cuba Railway Co., 



Pennsylvania Coal & Coke. He was the donor of the Walker Cup, the prestigious 
golf trophy, and president of the U.S. Golf Association. In 1925, he financed the 
building of Madison Square Garden. His son, George H. Walker Jr. became chmn 
Walker-Bush Oil Corp., and Zapata Petroleum (George Bush's firm), Silesian 
Holdings, with W.A. Harriman Citv Investing Corp., Westmoreland Coal. Co. and 
West Indies Sugar Co. He is a trustee of Yale. George H. Walker III merged the 
firm of GH. Walker Co. with Laird & Co. and White & Weld in 1974. He is now a 
senior vice pres. of White & Weld. 

Harriman was the go-between of Churchill and Roosevelt's World War II 
alliance. The two leaders did not know or particularly like each other; each of 
them conferred with W. Averell Harriman about how to talk to the other, and 
carefully followed his advice. 

W.A. Harriman served as U.S. Ambassador at large during World War II, 
principally in Moscow with Stalin; his brother E. Roland was president of the 
American Red Cross; Robert A. Lovett was Secretary of Defense. Harriman was 
related by marriage to Wild Bill Donovan, founder of the OSS. 

Brown Bros has always maintained close relations with British firms. James 
Brown, partner from 1935-50 was director Northern Assurance of London, Sun 
Insurance, pres. British Empire Club and National Bank of Nicaragua. Thatcher 
M. Brown, another partner, was director of Manchester Land Co., National Bank 
of Nicaragua, chairman of the board of Liverpool and London Insurance Co. Ltd., 
Globe Indemnity Co., Royal Insurance, British and Foreign Marine Insurance Ltd., 
American London & Empire Co., Ocean Accident & Guaranty of London, and 
Thames & Mersey Marine Insurance Co. 

The New York Times noted May 29, 1928, "Dr. Rudolf Roesler, 
representative of the New York banking house of Brown Bros, said Germany for a 
number of years to come would be a borrowing nation. Brown Bros, had loaned 
the City of Berlin $15 million on 6% 30 yr. bonds and Mr. Roesler, who comp.eted 
details of the transaction said that 'it was the biggest loan to a city in Europe since 
1914'." 



The New York Times later noted, "Word was received here yesterday by J. 
Henry Schroder Banking Corp., representative in the U.S. for Capt. Alfred 
Lowenstein, that a corporation organized by the Belgian capitalist and French 
associates, whom it has offered the public in Paris, had been oversubscribed 
twenty-five times." The holding company for artificial silk shares was offered at 
$117.50 and prompdy went to 200. This good news was somewhat palled by the 
Times report that a syndicate had been formed to handle this stock since "Capt. 
Alfred Lowenstein whose reported death through a fall from an airplane in the 
English Channell July 4th has been surrounded by mystery. J. Henry Schroder is to 
purchase $25 million of bonds of international Holding and Investment Corp. 
through Albert Pam, of J. Henry Schroder London, and Albert Svarvasy, head of 
British Foreign and Colonial Corp., British investing company." 

The July 5, 1928 New York Times headlined, CAPT. LOWENSTEIN FALLS 
FROM PLANE. Known as Mystery Man. Alfred Lowenstein was known as a 
Croesus. "The 'mystery man of Europe', the successor to Sir Basil Zaharoff as a 
man of mystery, in European finance. The pilot informed the authorities that while 
the plane was crossing the sea, Capt. Lowenstein, wishing to go to the washroom, 
opened the wrong door and fell out. His valet and two stenographers as well as the 
pilot and mechanic of the plane were present, but did not notice what happened." 
The story added that Lowenstein owned eight villas in Biarritz, an estate in 
Lancashire, a casde in Brussels, and a townhouse in London. 

Informed observers believed it was Zaharoff himself who dethroned the 
pretender to his tide as "mystery man of Europe". Lowenstein had become 
involved in a desperate struggle with Zaharoff and his associate, Dreyfus Clavell, to 
control the artificial silk industry in Europe. After Lowenstein's accident, his two 
associates in this struggle also died mysteriously. M.M. Ayrich had an automobile 
accident on a deserted road, with no witnesses. Lowenstein's third associate, 
Prince Radziwill, was poisoned by a woman friend, according to a French journal, 
La Crapoulle. 



W. Averill Harriman was 78 when his wife died. A year later, Katharine 
Meyer Graham, publisher of the Washington Post, invited him to a party to meet Pam 
Churchill, daughter of Lord Digby, an English horse fancier. She had been married 
to Randolph Churchill, and was mother of the present Winston Churchill. She 
then married into the first family of Hollywood, producer Leland Hayward, 
formerly married to actress Margaret Sullavan. In Haywire, her autobiography, 
Brooke Hayward describes her stepmother as "a cold-blooded golddigger who 
made off with her mother's jewels". Pam dated Elie de Rothschild before deciding 
to marry Harriman. They are now the dominant figures in the Democratic Party. 
Harriman has given $15 million to the Russian Institute at Columbia, (now the 
Harriman Institute). 

Another prominent banking house is the firm of Dillon Read. Clarence 
Dillon (1882-1979) was born in San Antonio, Texas, son of Samuel and Bertha 
Lapowski or Lapowitz. He graduated from Harvard in 1905, married Anne 
Douglass of Milwaukee, whose father owned Milwaukee Machine & Tool Co. 
They went abroad from 1908 to 1910. Their son, C. Douglas Dillon, was born in 
Switzerland in 1909. In 1912, Dillon met William A. Read, founder of a wellknown 
Wall Street bond brokerage, through a Harvard classmate. They became partners. 
Read died suddenly in 1916, and Dillon bought control of the firm. During World 
War I, Dillon served as Bernard Baruch's righthand man at the War Industries 
Board. In 1915, Dillon had set up American & Foreign Securities Corp. to finance 
the French Government's purchases of munitions in the U.S. His righthand man 
at Dillon Read was James A. Forrestal, who later died while serving as Secretary of 
Defense. Dillon Read played a crucial role in rearming Hitler during the 
preparation for World War II. In 1957, Fortune Magazine listed Clarence Dillon as 
one of the richest men in the U.S. ($150-200 million). By normal growth rates, his 
son C. Douglas Dillon should be worth over $1 billion, but nobody knows. C. 
Douglas Dillon worked with John Foster Dulles on the Dewey campaigns, and 
served as Under Secretary of State, helping Bechtel Corp. obtain its first large Saudi 
Arabian contracts, which later became a $135 billion operation. Dillon was 



Ambassador to France 1953-57, later became Secretary of the Treasury. He was 
chairman of the Rockefeller Foundation from 1971-75, then chairman of the 
Brookings Institution. To organize his estate, he sold Dillon Read to the Bechtel 
Corp. He is considered to be one of the ten wealthiest men in the U.S. and one of 
the three most powerful. 

Second to the Rothschilds, the Warburgs were considered the most 
important international banking family of the 19th and 20th centuries. In 1798, 
two sons of Marcus Gumprich Warburg, Moses Marcus and Gerson W. founded 
M.M. Warburg Co. in Hamburg. They were descendants of Simon von Cassel, a 
1 6th century moneylender and pawnbroker. They were also direct descendants of 
Abraham del Banco, largest banker in Venice. When they moved north, they took 
the name of Warburg, after Cassel settled in this Westphalian town. In 1814, the 
Warburgs became one of the first affiliates of N.M. Rothschild of London. They 
were related to the leading banking families of Europe, the Rosenbergs of Kiev, the 
Gunzburgs in St. Petersburg, the Oppenheims and Goldschmidts in Germany. 
Moritz Warburg was apprenticed to the Rothschilds in Italy and Paris, and later 
married Charlotte Oppenheim, whose family were diamond merchants in 
Frankfort. They had five sons, known as "the Five Hamburgers"; the oldest, Aby, 
founded the Warburg Institute; Max financed the German struggle in World War I 
and later, the Nazi regime; Dr. Fritz Warburg was German commercial attache in 
Stockholm during World War I; Paul and Felix emigrated to America and joined 
the firm of Kuhn, Loeb & Co. with Jacob Schiff, who had been born in the 
Rothschild house in Frankfort. Paul wrote the Federal Reserve Act and saw it 
through Congress. He represented the U.S. at the Versailles Peace Conference, 
while his brother Max represented German interests. 

The Memoirs of Max Warburg state, "The Kaiser thumped the table violently 
and shouted 'Must you always be right?', but then listened carefully to Max's view 
of financial matters." 

M.M. Warburg Co. closed during World War II but reopened in 1970. 
George Sokolsky noted in "We Jews", "Even in Hitler Germany the firm of Max 



Warburg was exempted from persecution. Max left for the U.S. in 1939, 
unhampered by supposed restrictions on Jews." 

The U.S. Naval Secret Service Report Dec. 2, 1918 noted: "PAUL 
WARBURG. German, nationalized U.S. citizen 1911, decorated bv Kaiser, 
handled large sums furnished by German bankers for Lenin & Trotsky. Has 
brother Max who is director of espionage system of Germany." 

In partnership with Walter Teagle of Standard Oil, Paul Warburg organized 
the international dye trust, I.G. Farben and Agfa Ansco Film Trust. At the second 
annual convention of the American Acceptance Council, Dec. 2, 1920, President 
Paul Warburg said, "It is a great satisfaction to report that during the year under 
review it was possible for the American Acceptance Council to further develop and 
strengthen its relations with the Federal Reserve Svstem." He did not add that as 
vice chairman of the Federal Reserve Board from 1914-18, he had organized the 
Federal Reserve System, or that he served as president of the Federal Advisory 
Council from 1918-27, which actually formulated policy for the Board. He was 
director of Union Pacific, B&O RRs, National Railways of Mexico, Western Union, 
Wells Fargo, American IG Chemical, Agfa Ansco, Westinghouse, Warburg Banks 
in Amsterdam, London and Hamburg, and chairman of the board of International 
Acceptance Bank. His brother Felix was chief financial banker of the Zionist 
Organization of America, Palestine Economic Corp., National Railways of Mexico, 
Prussian Life Insurance of Berlin, and many other companies. Felix's son Edward 
M.M. Warburg succeeded Gen. Donovan as Coordinator of Information in 1941 
and later served as special political advisor to Gen. Eisenhower at SHAEF, London 
during World War II. His other son Frederick was Herbert Lehman's righthand 
man in organizing the Lehman Corp., and was later known as "the foreign minister 
of Kuhn, Loeb" because of his many contacts around the world. He retired as a 
country gentleman at his estate Snake Hill, Middleburg, Va. His partner, Lewis L. 
Strauss had a magnificent estate nearby at Brandy Station, site of the Civil War 
engagement which was the largest calvary battle in U.S. history. 



Dept. of Commerce figures show that Kuhn, Loeb controlled 64% of all 
railroad mileage in the U.S. in 1900, which dropped to a mere 41% by 1939. In 
1900, Kuhn, Loeb and J.P. Morgan, representing the Rothschilds, controlled 93% 
of all railway mileage in the U.S. Speyer & Co. controlled N.Y. real estate and South 
American minerals, Seligman & Co. sugar, public utilities, and Latin American 
loans, August Belmont, the New York subway system, Lazard Freres, gold and 
silver, specializing in international gold movements. 

U.S. News May 14, 1984 listed Who Runs America; the first ten included 
Weinberger and Shultz of Bechtel Corp.; the second ten included Sulzberger of the 
New York Times, vice pres. Bush, David Rockefeller; the third ten included 
Katharine Graham and Henry Kissinger. Former president Gerald Ford was not 
listed; he is now director of GK Technologies, a $1.19 billion firm with large 
defense contracts. 

Other leading defense firms are United Technologies; Scovill Corp. whose 
chairman Malcolm Baldrige is now Secretary of Commerce; directors include 
Daniel Pomeroy Davison of J.P. Morgan bank and president U.S. Trust Olin Corp., 
$1.85 billion; and General Dynamics, controlled by the Crown family of Chicago. 

When Texaco swallowed the $12 billion Getty Oil corp. after its founder 
died, it showed the financial power of the London Connection; Directors of 
Texaco included Willard C. Butcher, former chmn of Chase Manhattan; Earl of 
Granard (Forbes) (the first baronet had reduced Sligo for William III), and 
grandson of Ogden Mills, Secretary of Treasury U.S. 1932-33; Thomas H. Moorer, 
chmn joint Chfs of Staff 1970-74, director Fairchild Bunker Ramo; Robert V. 
Roosa, director Brookings Institution, Trilateral Commission. 

The Rothschild Houston-Cleveland axis brought off one of its greatest 
coups when its agent John Connally, then Secretary of the Treasury, persuaded 
Nixon to abandon the gold standard. The New York Times headlined, Aug. 16, 
1971, "SEVERS LINK BETWEEN DOLLAR AND GOLD. President Nixon 
announced tonight that henceforth the U.S. would cease to convert foreign held 
dollars into gold - unilaterally changing the 25 year old international monetary 



system. The President said he was taking the action to stop 'the attacks of foreign 
monetary speculators against the dollar'. The change in the world monetary system 
brought about by the Presidential decision to cease converting foreign held dollars 
into gold is entirely uncertain. That was the word used by Secretary Treasury John 
B. Connally. Mr. Connally said he did not know what would happen." The Times 
noted that "Advice to impose some controls has been given the President from 
such sources as David Rockefeller, chmn of the $23 billion Chase Manhattan 
Corp., and the Organization for Economic Development, a group representing 22 
nations." The Times editorially stated, "We unhesitatingly applaud the boldness 
with which the President has moved on all economic fronts - an admiration for the 
completeness with which the President has junked the do-nothing approach that 
immobilised the country and sapped the national will." 

On 17 Aug. 1971, the Times quoted Paul Volcker, Under Secretary of the 
Treasury, who, when asked if other currencies would rise in relation to the dollar, 
replied, "I think we are in no position to object." With the story was a photo of 
Volcker conferring with banking officials in London, with the caption, "Under 
Secretary Paul A. Volcker conferred with leading European financial officials here 
today on President Nixon's new policy to meet the dollar crisis. He hinted broadly 
that the U.S. would be happy if other countries let their currencies float in the 
exchange markets. Their value would presumably rise in relation to the dollar. Mr. 
Volcker said he had found a 'very good understanding' in his meeting. But at the 
end of a confusing day in European ministries and banks, few thought they could 
see a clear way out of the immediate monetary chaos caused by Mr. Nixon's 
moves." 

Advance knowledge of such a far-reaching change in the monetary system 
would be worth billions of dollars. 



CHAPTER FIVE The CIA 



On May 24, 1979, a 14 ft. bronze statue of General William J. Donovan was 
dedicated in front of Columbia University's Law School. The dedication speech 
was delivered by John J. McCloy, who had been Asst. Sec. of War when Donovan 
founded the Office of Strategic Services in World War II. When Donovan died on 
Feb. 8, 1959, the Director of the Central Intelligence Agency, Allen W. Dulles, sent 
a message to all CIA stations around the world, "Bill Donovan was the father of 
central intelligence. He was a great leader." 

International intelligence, or, as it was formerly known, espionage, was not 
founded by either Donovan or Dulles, who were merely employees of the World 
Order. The Order founded international espionage to protect their far reaching 
investments and dealings in slaves, drugs and gold, the commodities on which their 
wealth was built. 

On Nov. 17, 1843, the Port of Shanghai was opened to foreign traders. Lot 
No. 1 was rented by Jardine Mathieson & Co. Other entrepreneurs were Dent & 
Co., and Samuel Russell, an American who represented Baring Brothers. Captain 
Warren Delano, Franklin D. Roosevelt's grandfather, became a charter member of 
the Canton Regatta Club, and entered into dealings with the Hong Society. Dr. 
Emmanuel Josephson states, "Warren Delano, Frederic A. Delano's father, 
founded his fortune on smuggling opium into China." His son, Frederic A. 
Delano, was born in Hong Kong, and later became the first vice chairman of the 
Federal Reserve Board in 1914. 

Although he was the son of an Irish wardheeler, William J. Donovan studied 
law at Columbia from 1903 to 1908. His grades were said to be "atrocious", but 
one of his professors, Harlan F. Stone, took a liking to him. Another protege of 



Stone was J. Edgar Hoover. As Attorney General Stone shocked Washington by 
naming Hoover director of the Bureau of Investigation. Another Columbia 
professor who liked Donovan was Jackson E. Reynolds, later president of the First 
National Bank of N. Y. who backed Donovan's selection as head of OSS. One of 
Donovan's Columbia classmates was Franklin Delano Roosevelt. 

In 1910, Donovan met Eleanor Robson, an actress who later married August 
Belmont, American representative of the Rothschilds. There was no question of 
their marriage - he was looking for a rich wife, she was looking for a rich husband 
- they began a relationship which lasted for years. Donovan also courted Blanche 
Lopez, of a wealthy tobacco family, who lived in Rumson, N.J. He then returned 
to Buffalo, where he opened a law practice. He met Ruth Rumsey, and abrupdy 
dropped Blanche Lopez, never contacting her again. Ruth Rumsey was heiress of 
one of the richest families in America. Her father, Dexter Rumsey, and her uncle 
Bronson owned 22 of Bufflao's 43 square miles. In 1890, Dexter Rumsey was 
worth $10 million. His wife was a member of the wealthy Hazard family of Rhode 
Island, who had owned one thousand slaves, and were the largest slave owners in 
America. The Rumseys were Masters of the Genesee Valley Hunt, the most 
exclusive hunt club in the U.S. Dexter Rumsey died in 1906, leaving his son and 
daughter 1272% each of his fortune in trust. Bill Donovan's courtship of Ruth 
Rumsey was complicated by the reappearance in Buffalo of Eleanor Robson, now 
Mrs. August Belmont. She turned up at the Studio Club, an acting group run by 
Katharine Cornell's father, where Donovan had the juvenile lead. La Robson 
requested that Donovan come to her suite in New York each weekend for "drama 
lessons". Donovan then took the long train ride to New York City each weekend, 
causing considerable gossip in Buffalo, where he was already widely known for his 
philandering. Nevertheless, Ruth Rumsey had determined to marry him, probably 
because her family was so strongly opposed. Friends of the family stated that had 
Dexter Rumsey lived, he would never have allowed this marriage to take place, 
because of Donovan's age; he was 31; his religion, Irish Catholic; and his 
philandering. The Rumseys were Episcopalian, but Donovan persuaded his wife to 



bring up their children as Roman Catholics. His brother was a priest. After the 
marriage, Donovan and his wife moved into the Rumsey family mansion at 742 
Delaware Ave. in Buffalo. 

Because of his New York connections, the Rockefeller Foundation selected 
Donovan to go to Europe on a "War Relief Mission" in 1915, the first of many 
assignments from the World Order. He was to be separated from Ruth Donovan 
continually during the next three years. While in London, he worked with 
Ambassador Walter Nelson Page, William Stephenson, who later "advised" him on 
setting up the OSS, and Herbert Hoover. Donovan spent five weeks in Belgium as 
an observer with Hoover's Belgian Relief Commission. 

When the U.S. entered World War I, Donovan helped organize the 
"Rainbow" Division, and was given command of the "Fighting 69th". He fought 
at Landes et Landes St. George, in the Meuse-Argonne sector, where, although 
wounded, he charged a German machine gun squad on Oct. 15, 1918 with his 
bayonet. For this feat, he was awarded the Congressional Medal of Honor. His 
bravery was the subject of wide publicity in the American press, and Current 
Biography later stated he was the most famous man in the A.E.F. He was with 
Joyce Kilmer, the poet, when Kilmer was shot down. In 1919 and 1920, Donovan 
was sent on secret missions to China and Siberia. 

After the war, J.P. Morgan established the Foreign Commercial Corp. to 
float $2 billion in bonds in postwar Europe. In February, 1920, he asked Donovan 
to make a secret tour of Europe to obtain intelligence relating to these bonds. 
Cave Brown described this mission, "Having helped to finance the war, Morgan 
wished to help finance the peace by expanding the House of Morgan's interests 

widely These activities required the best intelligence from the best sources in 

Europe. Donovan and the Rainbow Division intelligence officer, Grayson Mallet- 
Prevost Murphy, had been retained by John Lord O'Brian's firm to obtain that 
intelligence, working in secrecy." Morgan reportedly paid Donovan $200,000 for 
this operation. 



During his European reconnaissance, Donovan met Adolf Hitler at 
Berchtesgaden, and spent an evening with him in his room at Pension Moritz. 
Donovan later claimed he had not known who Hitler was, but that he found him a 
"fascinating talker". 

In 1922, Donovan was appointed U.S. District Attorney for New York. In 
1924, Atty. Gen. Harlan F. Stone, Donovan's Columbia law professor, asked him 
to come to Washington as Asst. Atty. Gen. Donovan and his wife bought a house 
in Georgetown (later the home of Katharine Meyer) at 1637 30th St. Donovan's 
first official act was to demand that Stone fire J. Edgar Hoover from the Bureau of 
Investigation. Instead, Stone, who was Hoover's patron as well as Donovan's, 
appointed Hoover Director of the Bureau of Investigation Dec. 18, 1924. Donovan 
also became involved in another political football, the prosecution of Senator 
Burton K. Wheeler. Wheeler was defended by Senator Tom Walsh, one of the 
most powerful politicians in Washington, but Donovan, against all advice to the 
contrary, insisted on proceeding with the prosecution. It was said that the charges 
against Wheeler were "ludicrous", and Stone asked Donovan to drop the case, but 
he stubbornly proceeded to indict Wheeler before a District of Columbia grand 
jury. When the case was tried in Great Falls, the jury deliberated only ten minutes 
before bringing in a verdict of acquittal for Wheeler. 

Such a boner would have destroyed the careers of most men in Washington, 
but Donovan was under the protection of Herbert Hoover, his associate from 
World War I. Between 1924 and 1928, he was Hoover's closest associate. Hoover 
took him to the Bohemian Club, the sacrosanct West Coast powerhouse where he 
was the directing figure. Hoover then persuaded President Coolidge to appoint 
Donovan to the Colorado River Commission, a seven state authority which 
organized the proposals for the Hoover Dam (later renamed the Boulder Dam by 
FDR, and still later, renamed the Hoover Dam by Act of Congress in 1947.) 
During the 1920s, Republican politicians favored the nomination of Dawes for 
president. Although it seemed that he was backing a sure loser, Donovan worked 
as Hoover's top strategist for four years. When Hoover was nominated on the first 



ballot at the Republican Convention (a tribute to the power of the Rothschilds), 
Donovan wrote his acceptance speech. It was understood that Donovan was to be 
Hoover's running mate. However, Hoover immediately realized that because he 
was running against Al Smith, a Roman Catholic, he would lose the massive anti- 
catholic vote if he picked Donovan, also a Roman Catholic, as his running mate. 
Hoover had no intention of losing his trump card in the forthcoming election. He 
cast Donovan aside without a second thought, and even refused to consider him 
for a cabinet post, such as Attorney General, probably the only time in American 
politics that the architect of a successful Presidential campaign was denied a 
position on the team or in the Cabinet. 

The disheartened Donovan decided to forego political life. In 1929, he 
organized the law firm of Donovan, Leisure, Newton and Irvine, with offices at 2 
Wall St. He also took a 23 room suite at the Shoreham Hotel for the firm's 
Washington offices. During ensuing years, Donovan rarely saw his wife, although 
they were never legally separated. Dunlop's biography of Donovan notes that "He 
always had his pick of feminine admirers. To many of the women he met, 
Donovan was irresistible." Ruth Donovan stayed at their summer home on the 
South Shore of Massachusetts, or at their New York apartment on Beekman Place. 

Despite his disappointment with Hoover, Donovan continued to take an 
active role in national politics. He ran Knox's campaign for the Republican 
nomination in 1936, and his firm defended American Telephone and Telegraph in 
an anti-trust suit by the government. Donovan won handily, which brought in a 
new influx of business to his firm. 

In 1937, Donovan renewed his association with the Rothschilds. The 
Viennese branch of the family had lost extensive holdings in Bohemia when the 
Nazis moved into Czechoslovakia. Because Donovan had already established a 
network of informants in the highest echelons of the Nazi government, including 
Admiral Canaris, the Rothschilds asked him to salvage their interests. He went to 
Germany to argue their case, but despite his important contacts, he was defeated by 
Hitler's view of the Rothschilds as a symbol of what he hoped to achieve in his 



battle against "the international bankers". The Rothschilds were not overly 
concerned; they knew that World War II was on its way, and that the outcome had 
been decided in advance. 

Donovan won another important legal victory in 1937, when he and a staff 
of 57 lawyers defended 18 oil firms against anti-trust charges. His clients were let 
off with nominal fines, and once again Donovan was considered the winner. 

His German contacts now invited him to observe the Nuremberg 
maneuvers, as a guest of the German General Staff. He also accompanied them on 
a trip to observe the progress of the Spanish Civil War. Although he was there as 
an invited guest of "the Fascists", Donovan was soon to build the OSS around the 
hard core of the Communist Lincoln Brigade. He met Kim Philby in Spain, who 
was writing about the Civil War as a "pro-Nazi" journalist, a pose he carried off 
successfully despite his recent marriage to Litzi Friedmann, a fanatical Communist 
and Zionist provocateur. 

On April 10, 1940, Donovan's daughter, Patricia wrecked her car near 
Fredericksburg, Va. and was killed. She was his only daughter; there was also one 
son, David, who married Mary Grandin, Patricia's roommate at boarding school, 
and heiress of a wealthy Philadelphia family. Associates said that Donovan never 
got over his daughter's death. Because he had received the Congressional Medal of 
Honor, Patricia was buried in Arlington National Cemetery. His grief- stricken wife 
left for a round the world cruise on Irving Johnson's ship, Yankee. 

On May 29, 1940, William Stephenson arrived in New York with a letter to 
Donovan from Admiral Blinker Hall, a British Naval Intelligence officer whom 
Donovan had met in 1916. The letter proposed an American intelligence agency, 
although we were not at war. Franklin D. Roosevelt sent Donovan to London 
with orders to develop this program, as an "unofficial observer". Despite efforts at 
secrecy, there was widespread journalistic speculation about his mission for 
Roosevelt. He then made a tour of southeast Europe for the President, gauging 
the status of the German occupied countries. Although this was an obvious 



espionage mission, the Germans placed no obstacles in his path. They were 
anxious to maintain good relations with the United States. 

After Donovan delivered his report to the President, he was named 
Coordinator of Information by the White House. Because he had had no 
experience in propaganda work, the office was later split into the Office of War 
Information, Executive Order 9128, and the Office of Strategic Services, Military 
Order of June 13, 1942. Donovan was placed in charge of the OSS. 

The "new" agency was from the outset merely an outpost of British 
Intelligence. On Sept. 18, 1941, Col. E.I. Jacob, Churchill's military secretary, was 
informed by Maj. Desmond Morton Church, Churchill's liason with the British 
secret service, 

"Another most secret fact of which the Prime Minister is aware is that to all intents 
and purposes U.S. Security is being run for them at the President's request by the 
British. A British officer sits in Washington with Mr. Edgar Hoover and General 
Bill Donovan for this purpose. It is of course essential that this fact should not be 
known." 

For some months, Donovan had been living in a suite at the St. Regis Hotel 
in New York. He and William Stephenson had been meeting regularly since 1940 
to organize the new agency. Stephenson was working directly under Col. Stewart 
Menzies, head of Special Operations Executive, the top British intelligence agency. 
As cover, Menzies was Colonel in the Life Guards, the escort troop of the King. 
Stephenson was head of SIS, (Special Intelligence Section). When Donovan had 
left for London July 15,1 940 on his mission for Roosevelt, Stephenson had wired 
London, "Col. Wm. J. Donovan, personally representing the President, left 
yesterday by clipper. U.S. Embassy not, repeat, not being informed." 

This was a replay of the House-Wilson- Wiseman operation during World 
War I. Not only were the American people left in the dark, but concerned agencies 
were never told what the conspirators had planned. Donovan's London mission 
was a slap in the face to the U.S. Ambassador, Joseph Kennedy. Roosevelt called 



Donovan "my secret legs", and he assured Stephenson in a private interview, "I'm 
your biggest undercover agent." 

In "A Man Called Intrepid", Stephenson is quoted as saying that after April, 
1939, "The President was one of us." It was also in 1939 that Roosevelt privately 
told Mackenzie King, Prime Minister of Canada and a longtime Rockefeller agent, 
"Our frontier is on the Rhine." This same book quotes Churchill as saying, on the 
eve of war, "We need Rockefeller and Rothschild." Stephenson replied, "I can find 
the Rockefellers and they'll support us. We can offer our secret intelligence in 
return for help." 

Indeed, the Rockefellers gave Stephenson an entire floor rent free at 
Rockefeller Center, where the agency has operated ever since. A later book, 
"Intrepid's Last Case" notes that "What some would later call the secret SIS Secret 
Occupation of Manhattan began in 1990. By 1941, J. Edgar Hoover was 
complaining that the Rockefeller Center headquarters of British Security 
Coordination controlled an army of British secret agents, a group of nine distinct 
secret agencies. Attorney General Biddle was quoted as saying 'The truth is 
nobody knows anything about what Stephenson does'." 

Had "anyone" known, Stephenson would have had to be arrested and 
deported. German sailors were being deliberately murdered by Stephenson's 
provocateurs in New York as acts designed to force Hitler to declare war against 
the United States. The INTREPID file in SOE (Stephenson's cover name) 
described it as "a reign of terror conducted by specially trained agents and fortified 
by espionage and intelligence in Occupied Europe." Every act of Donovan and 
Stephenson was a violation of American neutrality. Donovan's law office at 2 Wall 
Street was next to the Passport Control Office. He had special passports prepared 
for Stephenson's British agents. Stephenson had offices at three locations, 
Hampshire House, Dorset Hotel, and Rockefeller Center. Allen Dulles had opened 
a branch office of Coordinator of Information at Rockefeller Center in 1 940. He 
evicted all the tenants on the 25th floor of 30 Rockefeller Plaza, which was the 
floor above the UK Commercial Corporation, whose president was William 



Stephenson. This agency was set up after Stephenson complained on April 14, 
1941 that Standard Oil was supplying the Germans through Spain, and that it was 
acting as a hostile and dangerous agency of the enemy. A 400 page report by 
Stephenson listing Standard Oil and other American corporations dealings with the 
Germans was turned over to the FBI in 1941. J. Edgar Hoover prudendy buried it. 

Nelson Rockefeller, as Coordinator of Inter American Affairs, covered up 
the supplying of German military forces from his South American subsidiaries. 
Listed in the Stephenson Report were Standard Oil, I.G. Farben, a subsidiary of 
Standard Oil; Ford Motor Co.; Bayer Aspirin (Sterling Drug); General Aniline 
and Film; Ansco; and International Telephone and Telegraph. Co. Sosthenes 
Behn, head of ITT, had hosted a lavish conference of German intelligence 
operatives at the Waldorf Astoria in 1940. The German director of ITT was Baron 
Kurt von Schroder, of the Schroder banking family of Cologne, London and New 
York, who was Hider's personal banker. 

The OSS was actually set up by four members of the British Chief of Staff: 
Lord Louis Mountbatten (formerly Battenberg), a cousin of the King, and related 
to the Frankfort banking families, Rothschild and Cassel; Charles Hambro, 
director of Special Operations Executive, and director of Hambros Bank; Col. 
Stewart Menzies, head of Secret Intelligence Service; and William Stephenson, in 
charge of SIS American operations. An ancestor of Col. Menzies had been a 
notorious Jacobite double agent during the last days of James IPs reign. The 
present Menzies was the son of Lady Holford; he married Lady Sackville, daughter 
of the 8th Earl de la Warre, of the Sackville- West family which owned historic 
Knole; second, he married Pamela Beckett, daughter of J.Rupert Beckett, chmn of 
Westminster Bank, now National Westminster Bank, one of England's Big Five. 
Menzies' mother-in-law was the daughter of Lord Berkeley Paget, Marquess of 
Anglesey. Menzies' daughter married Lord Edward Hay, Marquess of Tweedsdale, 
Earl of Kinoull, related to Countess of Errol. The present Sir Peter Menzies is a 
director of National Westminster Bank, treasurer of the giant Imperial Chemical 
Industries, and director of Commercial Union Assurance Co. In the British Who's 



Who, 1950, Col. Menzies noted that he had been appointed "C", head of MI 6 from 
1939-51, but in later editions, he omitted this information. 

Ford states in his "Acknowledgements", "Lord Mountbatten of Burma was 
a close personal friend of Donovan as one of the four members of the British 
Chief of Staff Committee which helped Donovan in the formation and operation 
of Office of Strategic Services." 

The "American" secret service was never anything but a British operation, 
directed at all levels by representatives of the British Crown. OSS agents received 
advanced training for the European theater at Bletchley Park, British espionage 
headquarters. This site was chosen because it was only ten miles from Woburn 
Abbey, where Lord Beaverbrook's agent, Sefton Delmer, operated the British 
"dirty tricks" center and other propaganda activities. Woburn Abbey was the 
ancestral home of the Duke of Bedford, Marquess of Tavistock. The British 
Bureau of Psychological, Warfare operated as the Tavistock Institute. 

The membership list of CFR members in 1946 reveals the names of many 
OSS and OWI operatives; Lyman Bryson, who was with the American Red Cross 
in Paris, 1918-19, chief of special operations, OWI 1942, and a director of CBS; 
Thomas W. Childs, Rhodes Scholar, Paris representative of Sullivan & Cromwell 
(the Dulles law firm), exec. asst. to British Govt. War Supply US, British Embassy, 
Washington, 1940-45, partner Lazard Freres 1995-48, holds Order of the British 
Empire, leader in English-Speaking Union; Nicholas Roosevelt, American 
Commission to Negotiate Peace, Paris, 1919, OWI 1942-43; Joseph Barnes, 
director OWI's Foreign Operations, organized Willkie's world tour 1942, coined 
the phrase "One World", identified as a Communist agent; Elmo Roper, the famed 
pollsterSS agent 1942-45; Gaudens Megaro, chief Italian Section OSS 194;-045; 
Henry Sturgis Morgan, son of J.P. Morgan, director Pullman, General Electric; 
Shepard Morgan, London director OSS 1 943-44, was with Federal Reserve Bank of 
New York 1916-24, director reparations payments Berlin 1924-30 supervised by 
Chase Natl. Bank, later chmn Natl Bureau of Economic Research, the Rockefeller 
propaganda operation; John Gardner, OSS Europe 1999-45, then joined the 



Carnegie Corp.; Allen W. Dulles chief OSS Europe, director J. Henry Schroder, 
later first director CIA; John Haskell, OSS 1943-44, formerly with Nad City 
Co.1925-31. 

Another son of J.P. Morgan, Junius, was placed in charge of OSS finances. 
Paul Mellon and his brother-in-law, David Bruce joined OSS - Bruce was in charge 
of the London office, later was Ambassador to France. OSS also had operatives 
from the Vanderbilt, Archbold, DuPont and Ryan families, giving rise to the quip 
that OSS meant "Oh So Social". James Paul Warburg, son of Paul (who had 
written the Federal Reserve Act), was Donovan's personal assistant in setting up 
OSS. William J. Casey, present head of CIA, was chief of secret intelligence OSS 
Europe. 

In Feb. 1981, OSS veterans held a gala reunion in New York. Present were 
Margaret Thatcher, Prime Minister of England; Julia Child; Beverly Woodner, 
Hollywood designer; John Shaheen, who had been chief of OSS Special Projects 
now a wealthy oil man; Ernest Cuneo, who had been liaison between OSS and 
FDR; Arthur Goldberg, labor lawyer and Zionist leader, later Supreme Court 
Justice and U.S. Ambassador to the U.N.; Bill Colby, later chief of CIA; and 
Temple Fielding, the travel authority who began his travel expertise with OSS. 
One of OSS' most famous agents who didn't show up, was Ho Chi Minh. 

OSS agents became prominent members of "the new class" in Washington; 
Archibald MacLeish became Librarian of Congress; Ralph Bunche became U.S. 
Representative to the U.N.; S. Dillon Ripley became head of the Smithsonian. 

Donovan had been chosen to head the OSS because of two decades in 
which he carried out secret missions for the Morgans, the Rockefellers and the 
Rothschilds. When he staffed the agency with known Communists, they offered 
no objection. He had earlier provided unpaid legal help for members of the 
Communist mercenary force, the Abraham Lincoln Brigade. Now he welcomed 
these veteran "anti-Fascists" into OSS. Ford writes, "In the OSS employment of 
pro-communists was approved at very high levels. OSS often welcomed the 
services of Marxist enthusiasts." 



When J. Edgar Hoover, eager to embarrass a rival, sent agents to Donovan 
with FBI dossiers on Communist OSS employees, Donovan replied, "I know 
they're Communists-that's why I hired them." Donovan loaded OSS with such 
fanatical Communists that they became a joke in Washington. He appointed Dr. 
Maurice Halperin Chief Latin American Div. OSS. Halperin regularly altered the 
information which came across his desk to fit the current party line. He often kept 
his office locked, causing other OSS employees to joke that "Halperin must be 
having another cell meeting." After the war, J. Edgar Hoover testified before 
Congress about Halperin's Communist background. Halperin later moved to 
Moscow, then to Havana. 

Despite the damning dossiers which J. Edgar Hoover maintained on leading 
Communists in the OSS, he could find no politician willing to buck FDR's three 
White House assistants, Hiss, Currie and White. Eleanor Roosevelt had been one 
of the most frenetic activists on behalf of the Lincoln Brigade. Joe Lash gave her a 
small bronze of a Communist soldier, which she kept on her desk for the rest of 
her life. Donovan even appointed Irving Goff head of OSS in Italy after the 
Salerno landing. Goff had been commander of the Lincoln Brigade, and was later 
chairman of the Communist Party in Louisiana and New York. 

The Spanish Civil War had created an alliance between American 
"intellectuals" and the Communists. In "Passionate Years", Peter Wyden reports 
that Archivist Victor A. Berch, of Brandeis University, said 40% of the Lincoln 
Brigade were Jewish. Oddly enough, the "Fascists", the Falange, was led by two 
marranos, General Franco and his financial backer, Juan March. March paid for 
Franco's return to Spain with a $2 million credit at Kleinwort's of London. In July, 
1 936, March placed $82 million of securities in Nationalist accounts. He deposited 
$1.5 billion in gold at the Bank of Italy, 121.5 metric tons greater than the gold 
reserve of most nations. 

The Communists stole the Spanish gold reserve and shipped it to Russia. 
NKVD General Alexander Orlov, on orders from "Ivan Vasilyevitch", a rare code 
name for Stalin, loaded Spain's gold reserve on the Soviet ship Komsomol Oct. 25, 



1936; it arrived in Odessa Nov. 2, and was trucked to Moscow's Precious Metals 
Deposit, Gohkran, $788 million. $240 million had also been shipped to France 
from Spain. 

The Lincoln volunteers surrendered their passports to NKVD officers when 
they arrived in Spain. These passports were then routinely used in Communist 
espionage. The murderer of Trotsky was arrested in Mexico with a Canadian 
passport issued to Tony Babich, who was killed in the Civil War. Gouzenko later 
exposed a Communist agent in Los Angeles using the passport of Ignacy Witczak. 
Witnesses saw stacks of these Lincoln passports stacked in the Lubianka prison, 
waiting to be used. 

Ernest Hemingway wrote that "The Spanish Civil War was the happiest time 
of our lives." He modelled his hero in "For Whom the Bell Tolls" on Robert 
Merriman, a Moscow agent who was receiving a $900 a year fellowship from the 
University of California. Hemingway wrote and produced a film, "The Spanish 
Earth" to raise money for the Communists, aided by Archibald Macleish, Dashiell 
Hammett and Lillian Helfmann. Hemingway put up $2750 for the film, and 
donated all his royalties. He toured Hollywood to raise funds for the Communists, 
an effort reciprocated when they named his book "For Whom the Bell Tolls" a 
book-of-the-Month Club selection and a multi-million dollar Hollywood 
production. This was how one achieved "artistic success" in the 1940's. 

The English contingent fighting in Spain for the Communists included 
Virginia Woolf s nephew, Julian Bell, who was killed, and Eric Blair, later known as 
George Orwell. He was in the front line for 112 days before being wounded. He 
later wrote "1984" a propaganda coup for the World Order which claimed no one 
would be able to withstand their power. He concluded "1984" with the 
observation that the future would be marked by a jackboot being stamped into the 
human face forever. 

Journalists to a man rallied to the Communist cause. A.M. Rosenthal, 
executive editor of the New York Times, said of his brother-in-law, George Watt, 
Commissar of the Lincoln Battalion, "God, how I admired that man. He was my 



hero." Herbert L. Matthews wrote in 1946, "Nothing so wonderful will ever 
happen to me again as those two and a half years 1 spent in Spain. There I learned 
that men could be brothers. Today, wherever in this world I meet a man or 
woman who fought for Spanish liberty I meet a kindred soul. Nothing will ever 
break that bond. We left our hearts there." Despite his despair, Matthews was able 
to relive the glory of Spanish years when he promoted Castro and a band of six 
guerillas into the dictatorship of Cuba, through a frenetic propaganda barrage in the 
New York Times. 

Kim Philby, later active with the OSS and CIA as British Liaison also was 
prominent in the Spanish Civil War. Son of the famed Arabist, Sir Harold Philby, 
he joined the Cambridge Socialist Society in 1929. He worked for the British 
Treasury 1932-33 and was recruited by the communist party. In 1934, in Vienna, 
he married Litzi Friedmann, a communist agent. Witness at the marriage was 
Teddy Kollek, later a fundraiser for the Israeli terrorists, now Mayor of Tel Aviv. 

Working as a Soviet mole, Philby was financed by the Schroder Bank in 1934 
to publish a pro-Hitler magazine for the Anglo-German Fellowship. The Times 
then sent him to Spain to cover the Civil War. He took as his mistress the divorced 
wife of Sir Anthony Lindsay-Hogg, Frances Doble, a Falangist sympathizer whose 
Salamanca palace became his Spanish headquarters. The daughter of a Canadian 
banker, Doble lavishly entertained the Falangist leaders. Philby Frequendy met 
General Franco there. 

Philby was recruited for the British SIS in 1940. In 1942, he helped Norman 
Holmes Pearson, a Yale professor who specialized in the work of Ezra Pound, to 
set up the London office of OSS with Charles Hambro chief of SOE. In 1949, 
Philby was sent to Washington as SIS liaison officer with the CIA and FBI. J. 
Edgar Hoover frequently lunched at Harvey's Restaurant with Philby and James 
Angleton of the CIA. While CIA station chief in Rome, Angleton worked closely 
with the Zionist terrorists Teddy Kollek and Jacob Meridor, and later became chief 
of the Israeli desk at the CIA, helping Philby to set up the lavishly funded 
international Mossad espionage operation, all paid for by American taxpayers. A 



senior CIA security official, C. Edward Petty, later reported that Angleton might be 
a Soviet penetration agent or mole, but President Gerald Ford suppressed the 
report. 

Top secret files of the CIA and FBI were opened to Philby, despite 
widespread claims that he was a Soviet agent. Although he helped Burgess and 
MacLean defect to Russia in 1951, he continued to work for SIS until 1956, under 
the protection of Harold MacMillan, who defended him publicly in parliamentary 
debate. In 1962 and Englishwoman at a party in Israel said, 'As usual Kim is doing 
what his Russian Control tells him. I know that he always worked for the Reds." 
Miles Copeland says that Philby placed a mole in deep cover in the CIA known as 
"Mother". Philby was quoted as saying, "Foreign agencies spying on the U.S. 
Government know exacdy what one person in the CIA wants them to know, no 
more and no less." Philby was finally exposed by a defector, Michael Goleniewski. 
On Jan. 23, 1 963, Philby left Beirut and defected to Moscow, where he became a 
Lt. Gen. in the KGB. On June 10, 1984, Tad Szulc wrote in the Washington Post 
that Philby was never a Soviet agent, according to CIA memoranda introduced in a 
lawsuit, but that he was a triple agent. This explains curious paradoxes in the 
supposed rivalry between the CIA and the KGB, when certain charmed souls float 
easily back and forth between the two services. Agents of either service are 
"eliminated" when they find out more than is good for them about this odd 
arrangement. 

"Intrepid's Last Case" states that "For 38 years there was an official NKVD 
mission in London whose agents were assisted by both British Special Operations 
and the American OSS. Only now is it clear that Moscow had received hundreds 
of top secret OSS research studies; and that the British had supplied guerilla 
warfare expertise to the chief of the NKVD's subversive operations, Col. A.P. 
Ossikov !" 

In 1993, Donovan was sent on a special mission to Moscow, to establish a 
permanent alliance between the OSS and the NKVD. Donovan, W. Averill 
Harriman, and Lt. Gen. Fitin and Maj. Gen A.P. Ossikov of the NKVD worked 



out a plan to establish offices of the NKVD in key American cities. On Feb. 10, 
1944, J. Edgar Hoover sent a confidential message to Harry Hopkins, "I have just 
learned from a confidential source that a liaison arrangement has been perfected 
between the OSS and the NKVD whereby officers will be exchanged between the 
services; the NKVD will set up an office in Washington." Hopkins was forced to 
contact Atty. Gen. Biddle to alert the Dept. of justice to this operation; because of 
the coming election, Roosevelt prudendy withdrew his support for the plan. 

Because of their co-operation with the NKVD and the prominent 
Communists in OSS, General Douglas MacArthur refused to allow any OSS agent 
in his theater of operations in the Pacific. Donovan went to MacArthur's 
headquarters on April 2, 1944 and made a personal appeal to him, but was 
rebuffed. MacArthur considered the OSS agents more dangerous to American 
Security than any military opponents. In Donovan's Washington headquarters, 
Estelle Frankfurter was caught stealing confidential OSS reports. She was 
discharged, although her brother, justice Felix Frankfurter, was Roosevelt's closest 
confidante. As organizer of the Harold Ware cell, Frankfurter had placed Soviet 
operatives in many Government agencies, and had put his personal protege, Alger 
Hiss, in FDR's office. Frankfurter's brother, Otto, served a sentence in Anamosa 
State Prison, Iowa for Fraud. 

While Joseph E. Davies was Ambassador to Moscow, the State Dept. in 
1937-38 was ordered to destroy all of its irreplaceable files on the Soviet Union. 
The Russian Division of the State Dept. was abolished, and the last an ti- communist 
survivors were summarily fired. 

Since 1935, seven Soviet networks of espionage had been active throughout 
Europe. Known by their German name, die Rote Kapelle, the Red Orchestra, they 
were run by Grand Chief Leopold Trepper, who later emigrated to Israel. In 
January, 1942, Allen Dulles enlisted die Rote Kapelle to form an anti-German group 
led by Baron Wolfgang von Pultitz, who later arranged for the defection to East 
Germany of Otto John, head of West Germany's FBI. During World War II, both 
von Pultitz and John had worked under Charles Hambro at Britain's SOA. 



General Alfred E. Wedemeyer later testified that in 1 942 he had proposed a 
guaranteed plan to shorten the war by at least a year, invading France across the 
Channel. Winston Churchill argued for his "soft Underbelly" approach through 
North Africa and Sicily. Gen. Marshall called Wedemeyer before Churchill and 
Roosevelt to explain his plan, on which he had worked for months, perfecting 
every detail. Churchill persuaded Roosevelt to postpone the Wedemeyer plan for 
another year, while the Churchill plan was put into action in North Africa in Nov. 
1942. Wedemeyer's plan was vindicated in 1946 by Gen. Franz Haider, Chief of 
Staff of the German Army, who said the Wedemeyer cross-Channel invasion would 
have been a decisive and timely blow which would have shortened the war by at 
least a year. However, ending the war in 1943 would have cost the munitions 
manufacturers many billions in profits. Ezra Pound broadcast on July 17, 1943. 

"I reckon my last talk was the most courageous I have ever given. I was playing 
with fire. I was openly talking about how the war may be prolonged, by fellows 
who were scared that the war might stop. I mean they're scared right out of their 
little gray panties, for fear economic equity might set in as soon as guns stop 
shooting or shortly thereafter. The stage scenery fell with a flop, simultaneously 
with some anti-Axis successes." 

What was Pound talking about ? Stage scenery - what a cynical way to 
describe a world conflagration in which one hundred million people were dying. 
Pound exposed the charade. Early in the war, a British Secret Service operation, 
Operation Ultra, had obtained the German coding machine. They were able to 
read every secret order from Hitler and the German General Staff. It was like 
shooting fish in a barrel. F.W. Winterbotham, chief of Air Intelligence, SIS, wrote 
about his operation of Ultra, "The Ultra Secret". He says, "On Aug. 2 (1944) 
which I remember, covered two whole sheets of my Ultra paper, Hitler told Kluge 
not to pay any attention to the American breakout. He then outlined his master 
plan for handling the entire invasion." 



Had Hitler had access to all secret communications of the Allies, he would 
have had an unbeatable advantage. The Allies listened to all of his orders, and 
reacted accordingly. Early in the war, Ultra informed them that the Germans were 
planning a massive bombing raid on Coventry. If they evacuated the city, it would 
show the Germans they were listening to their plans. Churchill ordered the British 
to do nothing. The Germans bombed Coventry, killing thousands of women and 
children. The Ultra secret was protected at the cost of many British lives. 

The British also had a double agent, Baron Wilhelm de Ropp, who was 
Hitler's personal confidante on British policy. De Ropp had lived in England since 
1910. He married an English wife, but maintained an apartment on the 
Kurfurstendamm, as a journalist moving between Germany and England. His 
closest friend in England was F.W. Winterbotham, chief of Air Intelligence. In 
Feb. 1939, de Ropp took Winterbotham to Germany, where he conferred with 
Hitler, Rudolf Hess, and von Milch, head of the German Air Force. Winterbotham 
writes, "By 1934, I had obtained personal contact with the Head of State, Hitler, 
and with Alfred Rosenberg, the official Nationalist Party Philosopher and Foreign 
Affairs expert, and Rudolf Hess, Hitler's deputy. From my personal meetings with 
Hitler I learned about his basic belief that the only hope for an ordered world was 
that it should be ruled by three superior powers, the British Empire, the Greater 
Americas, and the new Greater Reich. I felt that his desperate desire for peace was 
no bluff. (At Dunkirk) Hitler told his General Staff exactly what he had told me in 
1939; it was necessary that the great civilization Britain had brought to the world 
should continue to exist and that all he wanted from Britain was that she should 
acknowledge Germany's position on the Continent." 

Hitler failed to comprehend the depravity of the behind the scenes figures of 
the World Order who had gained control of the British Empire with the South 
Africa wealth they had won in the Boer War. This hoard of gold and diamonds 
represented the greatest influx of new purchasing power into Europe since the 
Spanish galleons brought in the gold of the Incas. The resistance encountered in 
this war caused the planners to resolve that in the future, wars would be managed 



as precisely as any other business operation. Their philosophy of Hegelian 
determinism called for setting up two opposing forces, thesis and anti-thesis, which 
would be thrown against each other in conflict to produce an outcome, synthesis. 

Between the two World Wars, it was necessary to rearm Germany, and also 
to back a German Government strong enough to prepare the nation for another 
war. The same people who had supplied Germany from 1916 to 1918 in order to 
keep World War I going now backed the Nazis to produce a Second World War. 
The Schroders and Rothschilds had set up Hoover with the Belgian Relief 
Commission, in partnership with Emile Francqui, "the Beast of the Congo", later 
the U.S. Food Administration, run by selfless men who inexplicably amassed 
sudden fortunes in sugar, grain and shipping. Two of these men, Prentiss Gray and 
Julius H. Barnes, then became partners in Schroder Co. The New York Times Dec. 
11, 1940 noted that "Baron Bruno von Schroder died at his home here, Dell Park, 
Englefield Green, Surrey. He came to England in 1900 and was naturalized in 
1914. He established J. Henry Schroder & Co. in London 1904 and in New York, 
1923. His son Helmut W.B. Schroder now becomes head of the firm. His partner 
Frank Cyril Tiarks has been a director of the Bank of England since 1912. In 1923, 
Baron von Schroder bought the Baghdad Railway. The deal was the biggest ever 
made under cover of the Lausanne Conference disposing of former German 
concessions in Turkey, and the Rothschilds and Lloyd's Bank shared with Baron 
Schroder in the syndicate that advanced $25 million to start the rebuilding of the 
lines." 

The importance of the Schroder firm between the two world wars is shown 
by the following excerpts; New York Times Dec. 3,1923; "The first installment of 
capital for the new currency bank which will grow out of the Rentenbank was 
issued in Berlin today in the shape of checks in pounds sterling, to the value of 25 
million gold marks ($6,250,000) from the London bankers Schroder & Co., whose 
share in the capital loan is 100,000,000 gold marks, ($25,000,000). Baron Henry 
Schroder who is the head of the firm, has long been closely connected with 
German financial interests in the international field." 



New York Times Nov. 25, 1928; "J. Henry Schroder Banking Corp. Finance 
and Trade Commentary states, 'If, in the forthcoming reparations conference, the 
external obligations of Germany are fixed at some reasonable figure, it would be an 
important step in Germany's whole economic recovery'." 

New York Times, Nov. 2, 1928: "J. Henry Schroder Co. floats a $10,000,000 
6% loan to Prussian Electric Power Co. in partnership with Brown Bros 
Harriman." 

New York Times, Nov. 14, 1929; "The Prussian State has arranged a $5 
million loan from J. Henry Schroder Co. to extend Stettin Harbor." 

New York Times, Jan. 27,1933; "The City Co. of New York and the J. Henry 
Schroder Trust Co. have been designated as German bond scrip agents by the 
Gold Discount Bank of Berlin. Representatives of American houses of issue said 
yesterday that they were without direct advice from Berlin, where the Germans and 
representatives of other creditors are now conferring. The bankers are represented 
there by John Foster Dulles of the law firm of Sullivan and Cromwell." 

New York Times, April 19, 1940; "The J. Henry Schroder Banking Corp. has 
succeeded Speyer & Co. as fiscal and paying agent for city of Berlin 25 years 67>% 
gold bonds due in 1950." 

A leading economist, Professor von Wiegand, has gone on record criticizing 
the present writer for statements about the Schroder Co. claiming the firm had little 
or no connection with Germany, apparently because he had not researched the 
subject in the New York Times. The president of J. Henry Schroder also issued a 
denial in 1944 that they had done any business in Germany. 

Adolf Hitler had joined the German Workers Party in 1919 because it was 
supported by the Thule Society, an influential German society of aristocrats and 
financiers. In 1921, Hitler met with Admiral Schroder, commander of the German 
Marine Corps. In Dec. 1931, the circle of Friends was formed, twelve prominent 
German businessmen who promised to donate regularly to the Nazi Party. Baron 
Kurt von Schroder, partner of J.H. Stein Co. Cologne bankers, was the leader of 
this group. J.H. Stein then became Hitler's personal banker. Hitler's aide, Walther 



Funk, met with Schroder to discuss the real views of Hider on questions 
concerning the international bankers. Funk was able to satisfy Schroder, and the 
financial support of the Nazi Party continued. 

Maj. Winterbotham points out that Lord Montagu Norman, Governor of 
the Bank of England for more than thirty years, was Hjalmar Schacht's best friend. 
Schacht, Hitler's Finance Minister, named his grandson Norman because of the 
friendship. Paul Einzig, in "Appeasement Before, During and After the war", says 
"On May 29, 1933, Mr. F.C. Tiarks of the British Banking Delegation met with Dr. 
Schacht, and found Dr. Schact's attitude wholly satisfactory." Mr. Tiarks was a 
longtime partner of J. Henry Schroder and director of the Bank of England since 
1912. His granddaughter married the present Duke of Bedford. 

On p.78, Einzig says, "Towards the end of 1936 a new firm was registered in 
London under the name of Compensation Brokers Ltd. which was controlled by 
the banking house of J. Henry Schroder & Co., and Hambro's Bank Ltd., with the 
declared object of assisting with barter transactions between Germany and various 
parts of the English Empire." 

When Alfred Rosenberg came to London, he was introduced to many 
leading figures, including Geoffrey Dawson, editor of the Times, Walter Eliot, M.P. 
Lord Hailsham, secretary for War, and the Duke of Kent, brother of king Edward 
VIII and George VI. The Duke of Coburg, a close friend of Hitler, had three long 
talks with King Edward VIII on his accession in January 1936. Edward assured the 
Duke of his sympathies with the Third Reich. In 1965, the then Duke of Windsor 
remarked, "I never thought Hitler was such a bad chap." The story behind 
Edward's sudden abdication was that his advisers realized he would not sign the 
papers for mobilisation against Germany. An American divorcee was brought into 
the picture. She led Edward off to the Rothschild castle in Austria, while his 
"slightly retarded" brother George was installed as King of England. 

During the mid-thirties, three isolationist groups were active in England, 
"The Link", led by Admiral Sir Barry Domvile, and composed of genuinely 
patriotic Englishmen; the Anglo- German Fellowship, organized by J. Henry 



Schroder Co. with the help of the Soviet mole Kim Philby to lull Hitler into the 
belief that England would never declare war on him; and "the Cliveden Set", who 
met at Lord Astor's palatial castle, Gliveden, to promote "appeasement". 

On Jan. 4, 1 933, Hider met with the Dulles brothers at the Cologne home of 
Baron Kurt von Schroder to guarantee Hider the funds needed to install him as 
Chancellor of Germany. The Dulles Bros, were there as legal representatives of 
Kuhn, Loeb Co., which had extended large short-term credits to Germany, and 
needed a guarantee of repayment. Allen Dulles was later esconced in Switzerland 
by the OSS during World War II. Still later, he became Director of the CIA. He 
had been a director of J. Henry Schroder Co. for many years. 

On June 11, 1934, Lord Norman and Schacht met secretly at Badenweiler in 
the Black Forest, and again in Oct. 1934, to guarantee loans to National Socialist 
Germany. The J.H. Stein Bank of Cologne and the London and New York 
branches of Schroder Bank were correspondent banks often involved in 
transactions throughout the Hitler regime. Baron Kurt von Schroder was a 
member of the Herrenklub, the most influential group in Germany, and the Thule 
Society, which had most Hitler's career in 1919. He was director of all of ITT's 
German subsidiaries, SS Senior Group Leader, Deutsche Reichsbank, and many 
other high-ranking positions (listed by the Kilgore Committee, 1940). 

On Sept. 30, 1933, the financial editor of the London Daily Herald wrote 
about "Mr. Montagu Norman's decision to give the Nazis the backing of the Bank 
of England." Norman's biographer, John Hargrave, writes, "It is quite certain that 
Norman did all he could to assist Hitierism to gain and maintain political power, 
operating on the financial plane from his stronghold in Threadneedle Street." 

Another Hitler supporter was Sir Henry Deterding, of Royal Dutch Shell, 
which had been founded by the Samuel family. In May, 1933, Alfred Rosenberg 
was a guest at Deterding's large estate, Buckhurst Park, Ascot, one mile from 
Windsor Castle. Oswald Dutch writes that in 1931 Sir Henri Deterding and his 
backers, the Samuel family, gave Hitler 30 Million pounds. Deterding then 
divorced his wife, and married his secretary, an ardent Nazi and German. 



Otto Strasser wrote that Schroder agreed to "foot the bill" for the Nazi Party 
at a secret meeting, and guaranteed their debts, ending up collecting a generous 
amount of interest on his original capital. (Senate Hearings, Committee for Military 
Affairs, 1945). 

In England, journalist Claud Cockburn led the fight against the "Cliveden 
Set", seemingly unaware that three of the Astors had founded the Royal Institute of 
International Affairs. He wrote indignandy, "The Astors and others clustered 
around Chamberlain were a set of appeasers who saw Hider's regime and their 
collaboration with it as necessary to maintain the social order they preferred." 

The Cockburns are too self-limited to understand that the "appeasers" 
collaborated with Hider only to obtain the world war which was essential to their 
world program. Hider was duped into going into the Rhineland, duped into going 
into Czechoslovakia, and duped into attaching Poland. The advertised belief is that 
he was amazed at the weakness of the opposition to these moves; in fact, he had 
been promised there would be no opposition, until he went into Poland and 
discovered he had been duped. 

Once Hider had served his purpose, these same bankers plotted to 
assassinate him. We know the names of Count von Stauffenberg and Fabian von 
Schlabrendorff, aristocrats who tried to kill Hider, but on July 22, 1984, the 
Washington Post revealed the name of the master-mind, Axel von dem Bussche. 
He married the daughter of the Earl of Gosford, Baron Acheson, air attache at the 
Paris Embassy. Baron Acheson had married the daughter of John Ridgely Carter, a 
partner of J.P. Morgan Co., whose father, a Baltimore lawyer, had been legal 
counsel for the Pennsylvania Railroad and many other railroads. John Ridgely 
Carter married Alice Morgan, was secretary of the American Embassy, London, 
1894-1909, and was partner in J.P. Morgan Co. 1914, and also the Paris branch, 
Morgan Harjes Co. Dean Acheson, a cousin of the Gosfords, also worked for J.P. 
Morgan Co. and later became Secretary of State. The 2nd Earl Gosford had been 
Gov. Gen. of Canada and governor-in-chief of all British North America. Richard 
Davis notes in "The English Rothschilds" that the Earl of Gosford was a frequent 



house guest of the Rothschild family. This may explain why his American cousin, 
Dean Acheson, was plucked from obscurity to become secretary of State. 

The cast of characters is really quite small in number. The grandson of a J.P. 
Morgan partner masterminds the plot against Hitler, cooperating with Schroder 
partner Allen Dulles from his Swiss redoubt of the OSS. Admiral Canaris, in 
charge of the Abwehr, Hitler's intelligence services had made contact with the 
British Secret Service in London as soon as he assumed that post, through 
Frankfurt lawyer Fabian von Schlabrendorff, a key member of the plot, aided by 
Count Helmut von Moltke, a member of the German Bar and also a member of 
the Inner Temple of London. Von Moltke's mother was Dorothy Innes, related to 
the Schroder banking family. 

During his first two years with the OSS, Bill Donovan accepted no salary. 
In 1943, he was promoted to Major General, and received pay for that grade. In 
1943, OSS had a $35 million budget, with 1651 employees, which increased tenfold 
the following year to 1 6,000. By the end of the war, there were 30,000 agents and 
sub-agents, many of whom were involved in looting, blackmail, and other money- 
making schemes. Airplanes were often commandeered for mysterious flights to 
haul huge sums in gold, diamonds, paintings and other treasure. From the outset, 
the OSS had been dealing in large sums in gold. In the spring of 1 942, $5 million 
in gold coins was sent to North Africa to finance secret operations. After the 
North African invasion, certain bankers who had been holding francs worth 100 
million were suddenly worth 500 million. Large scale currency transactions were 
handled for the OSS by an underworld figure named Lemaigre-Dubreuil, who was 
shot by unknown gunmen at his Casablanca home. 

The political advisor to the Supreme Allied Commander, Mediterranean was 
Robert D. Murphy, whose wife was a manic-depressive, and whose daughter 
committed suicide. He was having an affair with the Princess de Ligne, official 
representative of the Comtede Paris, a Bourbon and pretender to the throne of 
France. She deeply involved Murphy and the OSS with her principal associate, a 
Syrian Jew named David Zagha, who dealt in million dollar estates, gems and 



antiques. He had large holdings in Damascus, and he laundered millions of dollars 
of OSS funds through Lemaigre-Dubreuil, until that worthy's assassination in 
Casablanca. 

The wheelings and dealings have also characterized the operations of OSS 
successor, the CIA often called "the Central Investment Agency", because of its 
many nefarious dealings. V. Lada-Mocarski, president of J. Henry Schroder, was 
chief of secret intelligence operations for OSS Italy 1 943. The OSS secret files later 
turned up in the hands of Propaganda Due, P-II, a secret Masonic organization 
which included many prominent figures in Italy. The go-between for P-II and the 
CIA was Michael Sindona, the conduit for $65 million which the CIA pumped into 
Italian elections. He was connected with the Nixon law firm, and with John 
McCaffrey, chief of resistance forces in Europe for British intelligence during 
World War II, and later representative of Hambro's Bank, and also with Prince 
Borghese. Although Borghese had been condemned to be executed during World 
War II, he was rescued by James Angleton, later Vatican consultant for the CIA. 
Sindona, McCaffrey and Borghese were partners in an Italian bank, Universal 
Banking Corp. which was a front for Meyer Lansky and the Mafia. The collapse of 
Banco Ambrosiano cost the Vatican a billion dollars (later reduced to $250 million), 
ending in the murder of its president Roberto Calvi, found hanging from 
Blackfriars Bridge in London. He was declared a "suicide", but a judge later 
rendered the finding he had been murdered by "persons unknown". 

Gen. Donovan also had an important family connection with the 
Harrimans. His wife's cousin, Charles Rumsey, had, married W. Averill Harriman's 
sister Mary. The Harrimans had been brought up on their New York estate, 
Arden, which had 30,000 acres, a 150 room house, and a crew of 600 working 
constantly to keep things in order. 

Harriman's other sister married Robert Livingston Gerry, son of 
Commodore Elbridge Gerry. Their son, Elbridge Gerry, is a partner of Brown 
Bros Harriman. 



In 1939, Donovan had purchased a farm near Berryville, Chapel Hill Farm. 
In 1945, he sold his Georgetown house to Katharine Graham, of the Washington 
Post family. The farm was taken over by the Rumsey Trust. Donovan lived at 1 
Sutton Place, New York, the address made fashionable by Bessie Marbury, the 
queen of the international homosexual set who, as the leading power in the 
Democratic Party, had made it possible for Franklin D. Roosevelt to become 
Governor of New York. 

In 1921, developer Eliot Cross sold Marbury's "wife", Elsie de Wolfe, No. 13 
Sutton Place. The Times soon noted a "curious migration", headlining that Mrs. K. 
Vanderbilt and Anne Morgan had bought homes in Sutton Place, "a litde known 
two block thoroughfare". Mrs. Vanderbilt paid $50,000 for her home; Anne 
Morgan, daughter of J.P. Morgan, and member of the de Wolfe-Marbury "Hellfire" 
set, paid $75,000. They then spent several hundred thousand dollars renovating 
these homes. The Times characterized the "Sutton Place curious migration" as a 
malicious dig at the well-known proclivities of the new settlers, who would soon 
make Manhattan notorious as the world headquarters of the homosexual 
movement. 

Donovan's surviving son had refused to enter the law firm or to have 
anything to do with the OSS. He had a distinguished wartime career as a Navy 
captain in charge of landing operations at Sicily and other invasions. At a New 
Years Eve celebration, 1946, his five year old daughter Sheila accidentally drank 
silver polish and died. His wife died after an overdose of sleeping pills. 

"Intrepid's Last Case" notes that "a political decision forced the OSS to 
surrender to Moscow the captured Soviet military and diplomatic code books on 
intelligence from the nazis." The greatest intelligence coup in history came to 
naught after Roosevelt's three Communist associates demanded that this complete 
set of Soviet code books be returned to Stalin. 

On May 17, 1945, Donovan became special assistant to justice Robert H. 
Jackson, U.S. prosecutor at the Nuremberg Trials. Although the captured German 
leaders were accused of many things, they were never accused of having accepted 



money from the Bank of England, or of being financed by the Schroder Bank. 
Baron Kurt von Schroder had been arrested and transferred to a British detention 
camp. A German denazification court later fined him 1 500 RM and sentenced him 
to three months detention. Since he had already been held for that period, he was 
released. The New York Times on Feb.29, 1948 demanded that he be tried by an 
Allied Military Tribunal - "von Schroder is as guilty as Hitler or Goering". 

In May 1945, William Stephenson formed the British American Canadian 
Corp. in New York, later changed to a Panamanian registry as the World 
Commerce Corp. April 2, 1947. When Germany surrendered, the London office 
of OSS had ten million dollars on hand, deposited in Hambro's and Schroder's 
Banks. This money could not be "returned" to the U.S. Government without 
stating where it had come from. As proceeds from dealings in gold and jewels, an 
inquiry could provoke a Congressional investigation. The principals decided to 
hold it in abeyance for future operations in the new corporations, whose officers 
were Stephenson, Donovan, Sir Charles Hambro, Edward R. Stettinius, Russell 
Forgan of Glore Forgan Co., nephew of James Forgan, first president of the 
Federal Advisory Council of the Federal Reserve Board, and successor to David 
Bruce as chief of OSS Europe; Sidney Weinberg, head of the Special OSS Mission 
to Moscow; Nelson Rockefeller; Col. Rex Benson Menzies of SIS and chairman 
of Robert Benson Co. merchant bankers; John J. McCloy; Richard Mellon; Sir 
Victor Sassoon; Lord Leathers; Sir William Rootes of Rootes Motors; Sir 
Alexander Korda; Olaf Hambro; Brig W.T. Keswick head of Jardine Mathieson 
Co., director of Hudson Bay Co. Hong Kong Shanghai Bank and chief of Special 
Operations Executive in Asia, World War II; Sir Harold Wernher, British 
industrialist; Ian Fleming of the Kelmsley Press; David Bruce; Joseph C. Grew, 
nephew of J.P. Morgan; and L.L. Strauss of Kuhn, Loeb & Co. The new firm 
operated closely with Morgan Grenfell, Jardine Mathieson, and British and Western 
Trading Co. 

In 1950, Donovan listed World Commerce Corp. as the only firm in which 
he held an interest. The president at that time was Frank T. Ryan, director John J. 



Ryan, both of Bache & Co; other directors were Alfred DuPont, Russell Forgan, 
Jocelyn Hambro, Joseph Grew and William Stephenson, who gave his address as 
Plaza Hotel, N.Y. with residence in Jamaica, and listed himself as chairman of the 
board of Caribbean Cement Co. and Bermuda Hotels Corp. 

President Truman disliked the idea of a secret service, and dissolved OSS at 
the end of the war. 1600 of its operatives went to the State Dept. Intelligence & 
Research Bureau, others went to the Defense Dept. where Robert McNamara set 
up the Defense Intelligence Agency in 1961. Truman set up the Office of Policy 
Coordination in 1948, which by National Security Council directive 10/2 merged 
into the CIA Jan. 4, 1951 with the Office of Special and Clandestine Services. 
Although Truman had dissolved the OSS on Sept. 20, 1945, his 1948 directive 
appointed three men to supervise the organization of a new intelligence agency, 
Allen W. Dulles, of the Schroder Bank; William Harding Jackson, a Wall Street 
lawyer who married into the Lyman family, became a lawyer with Cadwalder, 
Wickersham and Taft, and later with Carter, Ledyard & Milburn (J. P. Morgan's 
attorneys). In Jan. 1944, Jackson had been named head of intelligence at American 
Military Headquarters in London. He was chief of intelligence for Gen. Jacob 
Devers, and later headed G-2 intelligence for Gen. Omar Bradley. He Became a 
partner of J.H. Whitney Co. New York in 1947, served as deputy director of the 
CIA 1950-51, and later was spec. asst. to Pres. Eisenhower for national security; 
the third man on Truman's team was Mathias F. Gorrea, also a Wall Street lawyer, 
whose mother was of the Figueroa family; his father was head of real estate and 
investments for the Brooklyn Diocese, and his brother was spec. asst. to the Atty 
Gen of the U.S. 1946, general counsel ODM 1951-52, and vice-pres. RCA. 
Truman later came to be deeply suspicious of the CIA. He told Merle Miller, 
"Plain Speaking", "Now, as nearly as I can make out, those fellows in the CIA 
don't just report on wars and the like, they go out and make their own." Allen 
Dulles placed a verse from the Bible (John 8:32) in the entrance to the CIA 
building, "And ye shall know the truth, and the truth shall make you free." Allen 
W. Dulles was chief of the new agency; Frank Wisner was his deputy; it grew from 



5000 to 15,000 personnel by 1955. In 1974, it had 16,500 agents and a $750 million 
budget; in all, the National Security Agency had $6 billion to spend for 
"intelligence". 

The CIA has often been called the Central Investment Agency, not only 
because of the Wall Street backgrounds of Donovan, Dulles and many other 
principals, but because of the many commercial operations in which it has engaged 
(the CIA is always referred to, not by accident, by its insiders, as "the company"). 
A great deal of stock trading is based upon inside CIA information, buying and 
selling on the basis of secret intelligence gathered by the CIA all over the world. 

The CIA has also spent billions to influence foreign elections, always for 
candidates inimical to the interests of the people of the United States, but dedicated 
to the program of the World Order. However, its principal influence has been 
through its control of foundations and universities. The American people remain 
blissfully unaware that their Constitutional government with its separated powers 
of legislative, judicial and executive departments, has been entirely superseded by 
the foundations, which generate basic policy for all three branches. Monetary 
policy is generated by the Brookings Institution and implemented through the 
Federal Reserve System independent of Congress, which has constitutional power 
to regulate the monetary system. Social policies, originated by the Ford and 
Rockefeller Foundations, are enacted into law by Congress and upheld against all 
challenges by the Supreme Court. Foreign policy, a prerogative of the executive 
branch, is entirely based on foundation "studies" and recommendations. Staffs of 
all three departments are heavily infiltrated by foundation operatives. The CIA 
functions as the coordinating agency between the foundations and the departments 
of government. The Washington Post of Dec. 8, 1 984 verified this with an obituary 
of Don Harris, relating that he came to Washington in 1950 as an economist with 
the Brookings Institution, then moved to the CIA as chief of the Far East and the 
West Europe staffs for three years. He then joined the Defense Intelligence 
Agency's directorate of plans and policy, where he served until 1983. 



McGeorge Bundy, in "The Dimensions of Diplomacy", 1964, noted, "All 
area study programs in American universities after the war were manned, directed 
or stimulated by graduates of the OSS: there is a high measure of interpenetration 
between universities with area programs and information gathering agencies of the 
government of the U.S." As head of the Ford Foundation, Bundy was in a position 
to know about the interpenetration. 

The Washington Post, April 21, 1984, noted that the CIA was funneling money 
to many universities through Air Force intelligence grants or other "defense" 
operations, including Duke, Stanford, Univ. of Texas and many others. The 
chancellor of the University of Pittsburgh, Wesley Posvar, had received many Air 
Force intelligence grants as a retired Air Force intelligence colonel, funnelled 
through Maj. Gen. James F. Pfautz, head of Air Force intelligence. Posvar is a 
member of the German Marshall Fund. 

The CIA has spent millions to fund newspapers, magazines, and publishers 
to promote the program of the World Order. Frederick A. Praeger Co. N.Y. an 
"emigre" publishing firm, admitted in 1967 it had published "15 or 16" books for 
the CIA. Many writers and journalists have been liberally subsidized by the CIA 
with travel expenses, a villa in France or Switzerland, and other perks, to produce 
propaganda for the CIA and its ulterior goals. 

The National Review is considered the most influential CIA publication. It 
consistendy puffs Jean Kirkpatrick, Milton Friedman, and other cognoscenti of the 
intelligence community and the Viennese School of Economics. The New York 
Times, Dec. 8, 1984, noted the marriage of William Buckley's son Christopher to 
Lucy Gregg, daughter of 31 year CIA official, Donald Phinney Gregg, who is now 
personal adviser on national security to Vice President Bush. Buckley founded the 
National Review with Morrie Ryskind and George Sokolsky, funding the publication 
with ample funds from the Central Investment Agency and its Wall Street 
connections. Buckley's only known employment was his stint with the CIA under 
Howard Hunt at the CIA's station in Mexico City, immediately after Buckley 
graduated from Yale. Buckley became godfather to Hunt's children. "En skids" 



NSCIDS No. 7 gave the CIA power to question Americans in the U.S. about their 
foreign travel and to make contracts with American universities. J. Edgar Hoover's 
influence gave rise to the National Security Act of 1947, which forbade the CIA to 
exercise any internal security functions or police powers in the U.S. (FBI territory) 
but Hoover lived to see the act continually flouted by the greater finances of the 
CIA. 

On March 12, 1947, the Truman Doctrine was announced as America's new 
foreign policy. On June 5, 1947, the Marshall Plan was announced. Both 
"doctrines" had originated in foundation studies subsidized by the CIA and were to 
be implemented under close CIA supervision. 

The "new" CIA continues its close ties with the Schroder Bank and other 
linchpins of international intelligence. Allen Dulles, a director of J. Henry 
Schroder, and lawyer for the bank as attorney with Sullivan and Cromwell, chose 
Schroder to handle the vast disbursements of the CIA's "discretionary fund", 
whose financial dealings remain cloaked in secrecy. Secretary of War Robert 
Patterson was a director of Schroder, as was Harold Brown, Carter's Secretary of 
Defense. Paul H. Nitze, our chief arms negotiator, not only was a director of 
Schroder, but married into the Pratt family of Standard Oil who donated their New 
York mansion as the headquarters of the CFR. 

John McCone, later director of the CIA, was partner of Bechtel-McCone, 
giant war contractor financed by Schroder-Rockefeller Co. Richard Helms also a 
director of CIA, is a consultant with Bechtel. Although from a family of modest 
means, Helms was educated at the world's most exclusive prep school, Le Rosey of 
Switzerland, where he became a friend of the Shah of Iran. The Schroder-CIA 
connection was revealed in a lawsuit in which documents were filed showing a 
payment of $38,902 to Edwin Moore, on orders from Richard Helms. 

Gordon Richardson was chairman of Schroder from 1963 to 1973, when he 
was named Governor of the Bank of England, where he served for ten years. 
Richardson, also a director of Lloyd's Bank and Rolls Royce, maintained a New 
York address on Sutton Place near Donovan's residence. 



The Cabot family of Boston, descended from Sebastian Cabot, who was an 
early member of the World Order, has maintained a close relationship with the 
CIA. The founder of the family, Giovanni Caboto of Genoa, became John Cabot 
when he moved to England in 1448 under Henry 7th. His son Sebastian 
accompanied him on his North American trip in 1497. Sebastian had been born in 
Venice in 1476; he moved to England in 1551, was granted a pension and founded 
the London Muscovy Company which developed overland routes across Europe to 
Russia. Thomas D. Cabot, honorary chairman of Cabot Corp. was director of 
Office of Inter- American affairs for the State Dept. 1951, president of United 
Fruit, and set up Radio Swan on Swan Island for the CIA; he went on a special 
mission to Egypt in 1953. His brother John was in the foreign service from 1926, 
served as Consul Gen. Shanghi, ambassador to Pakistan, Finland and Colombia, 
Brazil and Poland; he was U.S. delegate to Dumbarton Oaks in 1994, and was 
secretary to the United Nations organization in San Francisco in 1945 under Alger 
Hiss. Paul Cabot is director of J. P. Morgan Co., Ford, Continental Can, Goodrich, 
and MA. Hanna Co. Lord Harold Caccia is also a director of Cabot Corp. He 
served on the Allied Control Commission in Italy 1943-94 as political advisor, 
Ambassador to Austria 1951-54, Ambassador to U.S. 1956-61; he is also on the 
board of Orion Bank, National Westminster Bank and Prudential Assurance. He is 
chmn of Standard Telephone & Cable. 

An earlier member of the Cabot family, George Cabot (1752-1823) owned 
40 privateers and letters of marque in 1777-78, and became the first Secretary of 
the Navy. 

High level CIA plicy was regularly determined at secret meetings at Pratt 
House, CFR headquarters in N.Y., as revealed by Vic Marchetti, in "Cult of 
Intelligence", he describes a top level meeting at Pratt House Jan. 8, 1965 at 5 pm, 
chaired by C. Douglas Dillon, chmn of Dillon, Read. The main speaker was 
Richard Bissell, director of CIA clendestine operations. This was the third meeting 
at this address. William J. Barnds was secretary; his father was Episcopalian 
Bishop of the Dallas Division. Present were Frank Altschul, partner of Lazard 



Freres, who married into the Lehman Family. Altschul was chmn National 
Planning Assn, director of Ford Foundation, China Institute in America, American 
Institute of International Education, and vice pres. Woodrow Wilson Foundation; 
Robert Amory, dep. dir CIA 1952-62, National Security planning Board 1953-61; 
Meyer Bernstein; Col. Sidney Berry former military asst. to Secretary of Defense 
1961-64, now deputy chief of personnel operations U.S. Army; Allen W. Dulles; 
George S. Franklin Jr., lawyer with Davis Polk and Wardwell, asst. to Nelson 
Rockefeller in 1940, intelligence Dept. State 1941-44, executive div. council on 
Foreign Relations 1945-71, national secretary of the Trilateral Commission 1972, 
member Atlantic Council, Ditchley Founation, American Council on United 
Europe; Thomas L. Hughes, head of the Carnegie Endowment for International 
Peace (Alger Hiss' former post); Joseph Kraft, newspaper columnist Washington 
Post, L.A. Times etc. Eugene Fubini, naturalised U.S. 1945, technical adviser U.S. 
AF, Army and Navy on radio techniques, was with CBS 1938-42 with the Secretary 
of Defense since 1961, National Security Agency since 1965, chmn Defense 
Intelligence Agency, Harry Howe Ransom, Vanderbilt professor, Rockefeller 
Foundation, Institute of Strategic Studies London; Theodore Sorensen, Pres. 
Kennedy's assistant 1957-61, now attorney with Paul Weiss and Rifkind; David B. 
Sage, prof. Bennington, trustee Russell Sage fndtn and 20th century Fund. Bissell, 
the principal speaker, had been educated at Groton, Yale and London School of 
Economics, was economist with War Shipping Board 1942-45; Harriman 
committee for President 1947-48, ECA 1948-51, Ford Foundation 1952-55, dep 
dir. CIA 1954-64, consultant to Fortune, U.S. Steel, and Asiatic Petroleum. 

CIA financial operations continually surface and are quickly forgotten. Jack 
Anderson noted in a column July 30,1984 that two OSS pals in World War II, Joe 
Rosenbaum, a venture capitalist, and William J. Casey, present head of the CIA had 
been involved in a huge Mid East pipeline deal with former Secretary of the Navy 
William J. Middendorf, now U.S. Ambassador to the Organization of American 
States. Middendorf is a director of First American Bank of VA. which handles 
many financial dealings for the CIA. Directors of First American are Eugene R. 



Casey, Lt. Gen. Elwood Quesada, who married into the Pulitzer family, asst chief 
of air on the General Staff, now director of the munitions firm Olin Industries; 
Stuart Symington, who married into the Wadsworth family, was formerly Secretary 
of the Air Force and Senator from Missouri, chairman of Emerson Electric, a 
defense contractor; Lt. Gen James M. Gavin, director Guggenheim Foundation, 
chairman of Arthur D. Litde Co., (said to be a branch of CIA operations). 

In "Spooks" Jim Hugan exposes another firm with CIA ties, Quantum 
Corp., based at Rockefeller owned L'enfant Plaza in Washington which sold arms 
to both sides in the Arab-Israeli conflict; chairman was Rosser Scott Reeves III, 
heir to an ad fortune; his father sold Eisenhower like soap with a series of brilliant 
TV ads. Reeves III married into the Squibb family, was with Lazard Freres from 
1962-7, and Military Armaments Corp. 1972-4. Ill's father was a limited partner of 
Oppenheimer Co. Other members of Quantum were Mitch Werbell III, a CIA 
operative who had the rank of General, U.S. Army; Edmund Lynch; Stewart 
Mott; Lou Conein, A Union Corse operative known throughout Southeast Asia as 
Black Luigi; Walter Pforzheimer, former aide to Allen Dulles; he kept two 
apartments at Washington's most expensive address Watergate; one was filled with 
his documentation on intelligence activities; he was found murdered at Watergate; 
and Paul Rothermeil, liaison between CIA and FBI who ws sent on a special 
mission to H.L. Hunt's headquarters in Dallas to destroy the Hunt Oil Co. After 
millions of dollars vanished, and the Hunt Oil Co. was on the verge of bankruptcy, 
the Hunts sued him, but were unable to prosecute because of "national security". 

The sinking of the USS Liberty, a government intelligence ship, by the 
Israelis in the 1967 war exposed the close collaboration between the CIA and 
Mossad, Israeli Military Intelligence. The CIA representative at the U.S. Embassy, 
Tel Aviv, reported to the senior office CIA at McLean VA. June 7, 1967 that Israel 
had decided to sink the U.S.S. Liberty. The CIA refused to warn the doomed 
American sailors. With President Johnson in the White House at the time were 
Mathilde and Arthur Krim, Johnson's liaison with the Israeli Govt. Mathilde was a 



former Irgun terrorist who had served on terrorist strikes with Menachem Begin, 
who boasted he had introduced terrorism to the entire world. 

Andrew Tull, in "The Super Spies", reveals another CIA coverup. The 
entire operational plan for the Soviet invasion of Czechoslovakia in July 1968 was 
obtained by a German operative in May; he delivered the plans to Lt. Gen. Jos. F. 
Carroll, dir. Defense Intelligence Agency in Berlin. Carroll oudined a plan to 
"leak" this intelligence, which would force the Soviet Union to abandon the 
operation. Ambassador to West Germany Henry Cabot Lodge was briefed on the 
"leak", but received direct orders from Washington to cancel it from Secretary of 
Defense Clark Clifford. The World Order did not wish to interfere with the 
planned invasion. The Soviet Union was aware of the discovery, and postponed 
the invasion from July to August 21. During this period, they were assured by 
Washington officials that the U.S. would not interfere. With this top level go- 
ahead, the Red army's conquest of Czechoslovakia was successfully implemented. 

We have mentioned the CIA-Mossad connection of James Angleton. The 
State of Israel was largely created by a Hungarian Jew named Tibor Rosenbaum, 
who procured arms and money through his Swiss base for both the Haganah and 
Stern gangs of terrorists, through his control of the International Credit Bank in 
Switzerland. International Credit Bank was the foreign bank for Meyer Lansky's 
Mafia operations, and also handled Mossad's European funds for secret 
operations. Rosenbaum was the mastermind of Bernie Cornfield's operation. 
Cornfield's successor at IOS, Robert Vesco, later fled to Central America with $224 
million of IOS fund, and is now the partner of Fidel Castro in a huge drug 
operation which netted $20 billion profit between 1980-84. Castro's cut, $50 
million, has been deposited in Swiss banks. 

In 1965, the CIA correspondent in Africa was Michael King, partners with 
Dr. Joseph Ghurba in Consultants Rersearch Associates, 509 Fifth Ave. N.Y. He 
is now Meir Kahane, member of the Israel Knesset and head of the terrorist Jewish 
Defense League. Part of their CIA duties was to mobilize campus riots against the 



Vietnam War at Columbia and Adelphi College. King's girl friend, Donna Evans, 
fell or was thrown from the Queensborough Bridge in July, 1966. 

Another important CIA figure was Robert Maheu, who was Liaison between 
the CIA and J. Edgar Hoover of the FBI. Maheu later became head of Howard 
Hughes "Las Vegas operations. His code name in the CIA was "Stockholder". 

In "OSS, the Secret History", R. Harris Smith states that Ho Chi Minh had 
made contact with OSS Col. Paul Helliwell at Kunming in World War II and was 
recruited as an agent. Ho's reports soon received top priority at OSS Headquarters 
in Washington, and were placed direcdy on Gen. Donovan's desk. Helliwell, who 
later became consul for the Thai government in Miami, and Major Austin Glass, a 
Socony Oil official, sent arms to Ho for his revolutionary struggle. Another early 
Ho supporter from OSS was Lt. Tibaut de Saint Phalle, nephew of a prominent 
Paris banker. 

Journalist Robert Shaplen was later told that an official of Chase Manhattan 
Bank was parachuted into Ho's remote headquarters, where he found the guerilla 
leader dying of malaria and dysentery. With only a few hours to live, he was saved 
when an OSS medic Paul Hoagland, was flown in. He saved Ho's life by 
administering the new sulfa drugs and quinine. He later served at CIA 
headquarters until the 1970's, where he was always known as "the man who saved 
Ho's life". After Ho was out of danger, a special OSS contingent, the Deer Team, 
was sent to Ho's headquarters in Nov. 1945. The members of this team were 
unanimous in their denunciation of the French "imperialists", the colonial 
government. They boasted that it had been decided at the highest levels in 
Washington that the French had to go. A prominent member of this team was 
Capt. Nicholas Deak, a Hungarian, now president of Deak Pereira. He has 
controlling interests in Swiss and Austrian banks, and operates currency exchanges 
in the U.S. Canada and the Far East. 

The French were dismayed to learn that their "American allies" were training 
and arming Ho's Viet Minh forces. Ho was informed that General Donovan 
represented large economic interests (the World Commerce Corp.) which planned 



to rebuild Vietnam's railroads and highways, in exchange for "economic privileges" 
in Indochina. In Oct. 1945, the OSS sponsored the "Vietnam Friendship 
Association" headed by OSS Lt. Col. Carleton H. Swift. The OSS armed Ho Chi 
Minh's forces with the latest weapons, and gave intensive training in infiltration and 
demolition to 200 selected men of General Giap's Army. It was these men who 
later led the attacks against American troops in the Vietnam War. The OSS 
sponsorship of the Viet Min and other terrorist groups around the world led 
Robert Welch to charge that "The OSS has thrown the weight of American 
supplies, arms, money and prestige behind the Communist terrorist organizations 
of Europe and Asia." The Deer team claimed that Ho was a great statesman whose 
nationalism transcended his Communist loyalties. 

To supervise the developing political situation in southeast Asia, Donovan 
was appointed Ambassador to Thailand by Secretary of State John Foster Dulles on 
Aug. 12, 1953. Donovan's assistant was William J. van den Heuvel. After his 
return to the U.S. Donovan had a stroke in 1956. He kept to his apartment in 
Sutton Place and rarely went to his law office. In 1957, another stroke left his brain 
atrophied. He lingered for several years, finally going to Walter Reed Hospital, 
where he died in Feb. 1959. 

The OSS trained forces of Ho Chi Minh kept up a steady onslaught against 
the French Colonial Government. John Foster Dulles, playing a double game, met 
with Georges Bidault, and urged the French to make a stand. "We will provide 
support," he promised. When the French forces were surrounded at Dien Bien 
Phu, Bidault, to explain his strategy, read Dulles' commitment to the French 
parliament. Dien Bein Phu collapsed after a 77 day siege, and the French 
government was lost. Le Figaro claimed that the State Dept., the White House and 
the Kremlin, had made a secret deal to partition French Indo China into U.S. and 
Soviet zones, as had been done in Korea. Whatever agreement may have been 
reached, it is a fact that the Soviet Army and Navy now have full use of the Billion 
dollar Da Nang airport and the vast naval facilities built in Viet Nam by Lyndon B. 
Johnson's financial backers, Brown & Root. 



One explanation of the fall of French Indo China was a behind the scenes 
struggle to control the dope trade in Asia. Alfred McCoy points out that during 
World War II, Lucky Luciano and Meyer Lansky secretly worked for the OSS. 
Through their influence, the OSS became deeply involved in dope running. After 
the war, Lansky moved the headquarters of the dope traffic to Miami, where Paul 
Helliwell, OSS chief of special operations in Asia, was his front man. Helliwell also 
operated a CIA front in Miami called Sea Supply, Inc.; one of his agents was 
Howard Hunt. Helliwell later served as paymaster for CIA sponsorship of the Bay 
of Pigs operation. He opened secret accounts for American mobsters in Miami 
banks, working closely with Sandro Trafficante and Louis Chesler. Chesler handled 
Meyer Lansky's real estate investments. 

The involvement of the Mob in dope running goes back to well before the 
murder of Arnold Rothstein. Although Rothstein was widely known as a gambler, 
this was a cover for his rise to eminence as Mr. Big of the U.S. drug trade. After he 
was shot in 1928, Louis Lepke, head of Murder Inc., confiscated over $5 million 
worth of heroin from Rothstein's hotel room. 

Former OSS Col. Paul Helliwell became head of the prestigious Miami law 
firm, Helliwell, Melrose and DeWolf. His partner, Mary Jane Melrose, was attorney 
for Resorts International, a Vesco-Lansky operation in which Nixon's friend 
Rebozo was said to have an interest. Helliwell opened the Castle Bank in the 
Bahamas to launder drug payoffs for Thailand poppy growers. As Thai consul, his 
Washington correspondent was Rowe and Cork, close advisors to President 
Lyndon B.Johnson, and representatives of United Fruit (a Cabot-CIA connection), 
Libby and other large firms. Helliwell was also attorney for General Development 
Corp., Lansky's real estate firm which was run for him by Louis Chesler. As 
counsel for Miami Natl Bank, Helliwell laundered mob funds through Swiss banks. 
One of his associates was Wallace Groves, who served several years for mail fraud. 
Helliwell died one Christmas Eve, 64 years old, and had never been charged with a 
crime. Protected by powerful friends in the Mob and the CIA he epitomized the 



ties between organized crime, intelligence agencies and the national government, all 
overseen, of course, by the World order. 

Miami Nad Bank, which is now owned by Citibank was known for many 
years to be controlled by Meyer Lansky. The bank financed the Outrigger Club, 
which became a meeting place for Santos Trafficante Jr., Philadelphia mobster and 
members of the Gambino family. Chase Natl Bank lost $20 million in this 
operation, but chose not to make any complaint about it. Citibank was also deeply 
involved with City Natl Bank of Miami, whose director Max Orovitz was a 
longtime associate of Meyer Lansky. The president of City Natl, Donald Beazley, 
had previously headed Australia's Nugan Hand Bank, a CIA drug operation. Other 
directors of City Natl included Polly de Hirsch Meyer, Robert M. Marlin, who 
operated Marlin Capital Corp. and Viking General Corp.; among stockholders of 
American Capital are Samuel Hallock DuPont Jr., and Paul Sternberg. Sternberg is 
also on the board of City Natl. While Marlin controlled City Natl Bank, it picked up 
the mortgage on the Miami Cricket Club, which was owned by Alvin Malnik, 
widely reputed to be Lansky's heir apparent. Another director of City Natl was 
Sam Cohen, a Lansky associate who controlled Miami Natl Bank. 

In 1973, a bank was established in Australia under the name of Nugan 
Hand. Its principals were an Australian named Frank Nugan and an American, 
Michael Hand, a former Green Beret and CIA operative in Asia. Bernie Houghton, 
an undercover agent for U.S. Intelligence, who represented Nugan Hand in Saudi 
Aarabia, has disappeared, whereabouts unknown. The attorney for Nugan Hand 
Bank was Bill Colby, director of the CIA. Directors of Nugan Hand were Walter 
McDonald, deputy director of the CIA, Guy Pauker, a CIA adviser, and Dale 
Holmgren, who represented both the CIA and Nugan Hand Bank in Taipei. The 
president of Nugan Hand Bank was Rear Adm Earl Buddv Yates, former chief of 
strategy for U.S. operations in Asia. Also on the board were Edwin F. Black, a 
retired general who had commanded U.S. troops in Thailand during the Vietnam 
War, formerly an OSS operative in World War II and asst. army chief of staff in the 



Pacific; he served as president of the Nugan Hand Bank branch in Hawaii; Edwin 
Wilson, who is now in prison for arms deals; and Don Beazley, now of Miami. 

Nugan Hand Bank expanded as Australasian and Pacific Holdings Ltd., a 
front for Air America and other CIA "investments". General Eric Cocke Jr., a 
Washington public relations officer, was Nugan Hand's Washington 
representative. From the outset, the bank was actively engaged in the drug trade. 
Lernoux says the bank controlled the $100 million "Mr. Asia" heroin syndicate 
which arranged a number of contract murders. Hand boasted that Nugan Hand 
Bank was paymaster for (:IA operations anywhere in the world. In Saudi Arabia, 
Nugan Hand Bank handled the huge outlays of Bechtel Corp. in its billion dollar 
operations. Bechtel employees were told they must bank with Nugan Hard. The 
Manila office of Nugan Hand was run by Lt. Gen. Leroy J. Manor, who had been 
Chief of Staff of U.S. forces in Asia. The CIA station chief at Bangkok, Red Jansen 
represented Nugan Hand in Thailand. We may recall that Gen. Donovan, founder 
of the OSS, had gone to Thailand in 1953 as U.S. Ambassador. Nugan Hand's 
important contacts with government officials, perhaps greased with handouts from 
its huge drug operations, shielded it from investigation. In 1978, despite repeated 
complaints about Nugan Hand's international drug operations, the Australian 
Federal Bureau of Narcotics refused to investigate. When increasing public 
pressure was brought to bear on the Bureau to investigate Nugan Hand Bank, the 
Bureau disbanded in 1979 ! It was controlled by the Australian Secret Intelligence 
organization, which in turn was dominated by the CIA. 

Inquiry Magazine revealed that while director of the CIA, William Colby 
laundered many millions of dollars of CIA funds through Nugan Hand to support 
political parties in Europe; the Christian Democratic Party in Italy was a principal 
recipient of this largesse, but other political parties in Europe also received millions 
of dollars. The World Order saw to it that funds were given only to those 
politicians who would carry out their program. On August 15, 1984, the 
Washington Post revealed that the CIA had dominated the San Salvador elections 
by giving $960,000 to the Christian Democratic Party, and $437,000 to the National 



Council Party, to prevent D'Aubuisson, a militant anti-communist, from being 
elected. 

Donald Beazley, a former Federal Reserve Bank examiner, was introduced 
by Admiral Yates at a bankers' meeting as "the finest young banker I know". 
Before the debacle of Nugan Hand Bank, Beazley was found to have transferred 
$200,000 from Nugan Hand to his Florida bank account. He could not remember 
what this transaction was for. An Australian Royal Commission proved that the 
bank regularly transferred funds from Sydney to southeast Asia as payment for 
heroin shipments to the U.S. West Coast via Australia. It was a regular conduit for 
payments made by Santos Trafficante Jr., underworld boss and Florida based heir 
to the Luciano drug empire. 

Although exposure seemed imminent, Frank Nugan continued blithely with 
his deals as a big spender. He was closing the deal for a $2.2 million country estate 
for himself the day he was found shot through the head in Jan. 1980. He was in his 
Mercedes on a country road. By his side was the rifle he supposedly shot himself 
with, although in his last moments of life he apparendy decided to wipe off all 
fingerprints. Police investigators found none on the gun. The investigators also 
decided that Nugan would have had to be a contortionist to shoot himself with the 
rifle in his car. Donald Beazley went to Florida; his other associates, CIA 
operatives Michael Hand and Bernie Houghton, disappeared. They have not been 
seen since 1980. 

For many years, the principal American intelligence agent in China was 
Cornelius V. Starr. Born in 1892, he organized the Asia Life Insurance Co. in 
Shanghai in 1919. He also owned the English language newspaper in China, the 
Shanghai Evening Post, which gave him a dominant role in propaganda activities. He 
was chairman of the board of U.S. Life Insurance Co. and other companies, as the 
leading American businessman in China. He was also an OSS agent, and his 
financial power in China gave the OSS and later the CIA their entree into drug 
smuggling. After his death, his insurance companies were absorbed into the 
American International Group. 



The American "free press", known to the cognoscenti as "the drug press" 
because of Luce's longstanding China connection, consistendy portrays the source 
of the world's drugs as "The Golden Triangle", an area of Laos, Thailand and 
Burma. However, this is merely a staging area for the world's drug trade. Review of 
the News in 1970 indentified Red China as the world's largest producer of opium, its 
usual source of hard currency from non-communist nations. The refined opium 
reaches the "free world", that is "the cash world", through Canton and Hong 
Kong. It also includes heroin, which had been synthesized from opium in 1898 by 
the Bayer Co., and became one of their most important products. 

Red China's mutterings about taking over Hong Kong when the present 
lease expires in 1997 allows insiders of the World Order opportunity to increase 
their fortunes in the volatile Hong Kong real estate market. Red China has to allow 
the British to operate in this trading area to assure the supply of hard currency 
from the drug trade. When the British took over this trading area in 1843, they 
maintained control of the local population through the Triads, the Assassins, as the 
Hong Society was known, also called the Honorable Society, and the Society of 
Heaven, Earth and Man. Dan E. Mayers wrote in Fortune, Aug.6, 1984, "British 
colonial rule in Hong Kong is not democracy. Britain rules by decree in all matters 
of importance. Hong Kong Chinese don't have democratic rights." 

Opium began as a cash crop in the poppy-fields of Asia Minor, particularly 
in Turkey, where it is still an important crop today. In 1516, opium was the official 
monopoly of the Great Mogul in Kuch Behar. When opium reached China, about 
1729, Emperor Yung Chen prohibited its use. In 1757, with Clive's great victory at 
Plassy, the East India Co. took over the opium monopoly as part of its spoils from 
the Indian Moguls. When the British promoted the use of East India's opium in 
China, as payment for raw materials needed by their Industrial Revolution (they 
had been paying in silver), the Emperor Tao Kwang repeatedly warned them to 
stop selling opium in his country. When these warnings were ignored, the 
Emperor burned 20,291 chests of opium in 1830, a hoard valued at 2 million 
pounds. This precipitated the British Opium Wars of 1839-42 and 1856-60. 



Because the Communists were financed by the international bankers, the sale 
and use of drugs have always played an important role in the forward march of 
Communist hegemony. In 1928, the Chinese Red Army began planting large areas 
of poppies in areas of China over which they had won control. By 1935, the Yuan 
Headquarters ruled over vast field of poppies. In 1983, Red China had 9 million 
acres of poppies under cultivation. The Peiping Government has 101 narcotics 
factories in operation, which refine from 50% to 70% of the world's drugs. 

In 1977, Edward Jay Epstein revealed the true story behind Watergate. 
Nixon's Domestic Council was a group of aggressive young men trying to 
outmaneuver each other with new programs. Gordon Liddy, trying to break into 
this circle, conceived an ambitious program called operation Intercept. It was not a 
surveillance program, but was designed to "intercept" the flow of drugs into the 
U.S. Nixon in his 1968 campaign had promised to "move against the source of 
drugs". A special Presidential Task Force Relating to Narcotics, Marijuana and 
Dangerous Drugs had been formed, but had taken no action. Liddy got Egil 
Krogh, Nixon's Presidential Deputy for Law Enforcement, to introduce the 
program at a meeting of the Domestic Council. Richard Helms director of the 
CIA, was among those present. The plan was officially approved by Erlichman in 
July, 1970 as a major operation against the heroin traffic. There still was no real 
program, merely a public relations ploy, but, senior staff people at CIA panicked. 
They feared that their vast Asia operations, funded by their drug operations, could 
be wiped out. Liddy, meeting with State and CIA officials, says, "I pressed CIA on 
the problems of the Golden Triangle of Burma; Richard Helms replied Any move 
in that area would be impractical'." 

Liddy had set up ODESSA, Organisation Der Emerlingen Schutz Staffel 
Angehorigen, which was ready to begin operations. The CIA resolved to 
counterattack by setting up the Watergate operation, hoping to neutralize Nixon's 
staff. James McCord and other CIA operatives worked out of Mullen Co., a CIA 
front across the street from CREEP Headquarters. The Watergate job was 
scheduled for May 26, 1972, but these "highly trained" black baggers couldn't get 



in; they came back on May 27 with no success, but got in on May 28 and 
photographed a number of documents in the Democratic offices. Then they were 
told to return on June 1 6; by this time the entire setup was ready, and they were 
arrested. 

Future historians will refer to the Vietnam War as "the drug war" akin to the 
British Opium Wars of the nineteenth century. In 1964, the number of U.S. 
addicts had dropped to 48,000 down to 60,000 in 1950. Then 15% of all American 
soldiers in Vietnam returned home as addicts. The drug monopoly was back in 
business. Two of the leading CIA operatives in Vietnam during that war are Mitch 
Werbell from Powder, Ga., and Three Fingered Louie Conein, who wore a gold 
decoration from Union Gorse, the Sicilian Mafia, around his neck. 

After the collapse of the Nugan Hand Bank and the disappearance of its 
principals, the CIA used the 17 international offices of a Honolulu investment firm, 
Bishop, Baldwin, Rewald, Dillingham and Wong as its Asian network. The firm 
handled some $10 billion in CIA covert funds, laundering huge sums for the 
Gandhi family in India, and worked closely with Marcos' right hand man in Manila, 
Enrique Zobel, one of the ten wealthiest men in the world, who handled the 
investment fund of the Sultan of Brunei. After $22 million disappeared, Rewald 
was arrested. The resulting litigation is being handled by U.S. atty John Peyton, 
former chief of litigation for the CIA in Washinton, from 1976-81. 

CIA headquarters underwent a change after the arrival of a reputed KGB 
defector. Yuri Nosenko had been sent to the U.S. to assure American intelligence 
that Lee Oswald had no KGB connection, even though he had married the niece 
of a KGB major. Nosenko's story was "verified" by another defector, Fedora, 
another double agent who had wormed his way into J. Edgar Hoover's confidence; 
both the FBI and the CIA now had a resident authority on Communist espionage 
who had been identified as a double agent. The Nosenko caused the CIA staff to 
split into two camps, pro-Nosenko and anti-Nosenko. William Colby, director of 
the CIA, was in the pro-Nosenko camp, giving rise to rumors that he and James 



Angleton were double agents, and that Colby had been recruited while serving in 
Vietnam. Angleton was forced to resign. 



CHAPTER SIX The Bechtel Complex 

When President Eisenhower concluded his term, he warned the nation in a 
parting message about the rapid growth of the "military industrial complex". The 
American people did not know what he was talking about. As a military man, 
Eisenhower had seen firsthand the growing political and economic power of two 
giant construction firms, Brown & Root of Houston, Texas, and the Bechtel 
Group of San Francisco. Brown & Root put its man in the White House, Lyndon 
B. Johnson. The Bechtel Group has put its own man in the White House, Ronald 
Reagan, whose presidential campaign in 1980 was run by George Pratt Shultz, 
president of Bechtel, and Caspar Weinberger, vice president and general counsel of 
Bechtel. They were appointed Secretary of State and Secretary of Defense. The 
New York Times reports July 15, 1982, "Shultz is the fourth member of Bechtel 
Group serving in Reagan's cabinet. Treasury Secretary Donald T. Regan was 
chairman of Merrill Lynch, whose White Weld unit is investment advisor to the 
Saudi Arabian Monetary Authority. Atty. Gen. William French Smith's California 
law firm, Gibson, Dunn & Crutcher, has branch offices in Washington and Riyadh 
(capital of Saudi Arabia) and represents the Saudi Ministry of Finance and National 
Economy." 

On Dec. 5, 1980, the New York Times noted in a headline story, Business 
Section, "Mr. Bechtel, a reclusive 55 year old engineer, informed his subordinates 
that 'we encourage and applaud the active participation of our employees in the 
democratic process'. Bechtel, a privately held concern at work on 130 projects in 21 
countries, all of them budgeted at more than $25 million, has for decades struggled 
to keep a low profile and the affairs of its management private... Also working for 
Bechtel as consultant are Richard Helms, the former Director of Central 



Intelligence, and former Ambassador to Iran, and Frank Jungers, former Chmn of 
Arabian American Oil Co. On the basis of its $6.9 billion revenues last year, the 
company ranked as the third largest engineering and construction concern in the 
U.S., after Brown & Root Inc. and the Fluor Corp. Bechtel's contracts are largely in 
huge industrial and energy-related projects that Larry Thomas, a Bechtel 
spokesman, refers to as 'mega-Projects'. At present, the company is under a 25 year 
contract for construction of a city for more than 3,000 people and an industrial 
complex at Jubail, Saudi Arabia, and to engineer a hydroelectric project at James 
Bay in Canada that would include a network of dams and earth-filled dikes large 
enough to substitute for 10 conventional power plants. Bechtel is also the country's 
leading builder of nuclear power plants." 

Many Bechtel projects have been characterized as huge boondoggles. Many 
nuclear power projects have either failed to come "online" or have been 
abandoned, causing billion dollar writeoffs and shaky financial markets. Bechtel has 
built such problem-plagued ventures as BART (Bay Area Rapid Transit System) in 
San Francisco, METRO, the Washington D.C. subway system (the Washington 
Post recendy noted it was already $200 million in the red and will ultimately cost 
$12 billion), and Jubail, called "the biggest boondoggle in history". 

Time, July 12, 1982, wrote of Jubail, "Bechtel has spent $35 billion and plans 
to spend $100 billion more. Bechtel's original contract had been for a modest $9 
billion." Jubail is described as lying 324 miles northeast of the Saudi Arabian 
capital, Riyadh, with 100 plus temperatures most of the year, a desolate area of salt 
flats washed by the Persian Gulf. 1600 Bechtel employees live on the site in 3 
bedroom ranch houses built for $300,000 each, directing the activities of 39,000 
construction workers. Time says, "The infant city could wind up being and 
enormously expensive ghost town, as marching dunes are expected to cover it by 
the year 2000." 

Christopher Reid, who worked for Bechtel, says "Jubail is a massive WPA 
project, the biggest boondoggle in history." He predicts that the sands of the 
Dahana Desert will shift and cover Jubail before the end of this century. Saudi 



officials have stated they do not know who will live in Jubail, because of the hot 
temperatures, the isolation of the area, and the desolate surroundings. Historically, 
the dunes of the Dahana Desert shift massively every few years. Engineers expect 
the Jubail area to be completely covered by the year 2000. Future archeologists will 
be puzzled by this strange ruin, not realizing that the entire project resulted from 
the huge oil price increases inflicted upon the American people, and pressures 
compelling the Saudi Arabian leaders to return much of their profit to wealthy 
entrepreneurs such as the Bechtel Group. 

The New York Times reported July 26, 1982, "Pres. Reagan's special Middle 
East envoy, Philip C. Habib, is also serving as a private consultant to Bechtel 
Group, Inc. He had been hired by George P. Shultz while Shultz was president of 
Bechtel. State Dept. spokesman Dean Fischer said Mr. Habib's retention by Bechtel 
did not compromise U.S. diplomatic efforts in the Middle East. 'It doesn't strike 
me as a problem any more for Habib than it would be for Weinberger or Shultz,' 
Mr. Fischer said. "Who's Who shows Philip C. Habib has been a career State Dept. 
official since the 1950s, receiving a Rockefeller public service award in 1969, senior 
adviser to the Sec. of State, 1979-80, resident fellow Hoover Institution from 1980 
to present. Hoover Institution, Stanford, and the Bohemian Club are an 
interlocking power structure dominating the Washington political scene. 

On July 27, 1982, the New York Times noted further praise for Habib from 
the White House and State Dept. Senator Alan Cranston and other luminaries. "A 
spokesman for the Israeli lobby voiced confidence today in Pres. Reagan's Special 
Envoy to the Middle East Philip C. Habib; Thomas A. Dine, executive director of 
American Israel Political Action Committee, said he had the highest regard for 
Ambassador Habib's integrity." 

A letter to the Times July 27, 1982 from Gen. F.P. Henderson noted that 
when Count Bernadotte raised support for Palestine refugees in 1948, the largest 
contributors were Arabian American Oil Co. $200,000, and Bechtel International, 
$100,000. (UN Records No. 11 A 648). 



The revelation of Habib's connection with Bechtel alarmed some Israeli 
leaders, because of Bechtel's contracts with the Arabs, and Sen. Larry Pressler, R., 
So. D. called for his resignation. The New York Times reported "British officials 
offered no immediate reaction to the news of 'Habib's departure' nor would they 
comment on his replacement by George Pratt Shultz, whose reputation as an 
economist is well known here. Lord Carrington said. 'Mr. Shultz is known to every 
one, and I am sure they will work with him.' Israeli Foreign Ministry spokesman 
said, 'Israel deeply regrets the resignation. Israel respected Mr. Habib as an 
outstanding statesman and faithful friend of the State of Israel !'." The Times failed 
to get the comments of any Arabs about Mr. Habib. 

On July 10, 1982, Shultz a member of the Standard Oil Pratts, was reported 
by the New York Times to have promised he would "divest" himself of his Bechtel 
holdings by putting them in a blind trust. Bechtel is a privately held company, 40% 
of the stock held by the family, the rest by its executives, who sign an agreement 
that when they leave the firm or die, the company has first option to repurchase 
their stock, which option is always exercised. The New York Times reported Jan. 1 8, 
1979, "Increasingly sensitive to accusations of secretiveness, the privately held 
Bechtel group of companies took a new step in implementing a policy of disclosure 
today when it issued for the first time something approaching an annual report. 
Since all stock is held by top executives and members of the Bechtel family, this 
took the form of a report to the 30,000 employees around the world rather than a 
report to stockholders." The Times commented in 1982 that "Bechtel does not 
disclose its earnings". Informed estimates are that Bechtel earned 5% net profit on 
its $11.6 billion revenues in 1982. Stephen D. Bechtel Sr., now in his eighties, is 
said to be worth $750 million. His son, Stephen Jr. now head of the firm, is said to 
be worth $250 million. When his father dies, the younger Bechtel is expected to 
become a billionaire. 

Newsweek reported Dec. 29, 1975, "The Bechtel group of companies is 
hardly a household word. As a privately held corporation, it has operated for 77 
years behind a wall of secrecy that is considered unequally impenetrable in the 



competitive world of heavy construction. Its revenues are estimated at $2 billion a 
year, equal to General Mills or Standard Oil of Ohio. Bechtel got that way by 
wheeling and dealing not only in private operations but with governments 
themselves. The company is building a new 34 story building on Fremont St. in San 
Francisco. The company, says one Federal energy official, is putting together a 
modern version of a military industrial complex machine, and they have an inside 
track on the growth market of the future. It will be called the new General Motors 
before the century is out." 

Bechtel began in 1898 when a Midwestern farm boy, Warren (Dad) Bechtel, 
came to California to seek his fortune. He began with a mule team hauling dirt on 
small construction projects. In 1918, with war prosperity, his income increased. His 
first important project was building a railroad for Hutchinson Lumber Co. at 
Orotillo, Cal. His three sons, Warren, Steve and Ken joined him in the growing 
business. In 1928, he was elected president of Associated General Contractors of 
America, a powerful lobbying group. In 1931, Dad Bechtel became president of Six 
Companies, a consortium formed to build the $49 million Boulder Dam. It was 
incorporated in Delaware in Feb. 1931 by H.J. Kaiser Sr. and Jr.; Felix Kahn of 
MacDonald and Kahn; Henry W. Morrison of Morrison-Knudsen; WA. Bechtel 
Co.; J.F. Shea of Los Angeles, which built the Pacific Bridge at Portland, and 
General Construction Co., Seattle. MacDonald and Kahn had built the Mark 
Hopkins Hotel; Morrison was a trustee of Stanford and close friend of Herbert 
Hoover and Leland Cutler. 

Between 1931 and 1936, the consortium built the Bonneville Dam, the San 
Francisco Bay Bridge, and other projects. During the construction of Hoover 
(Boulder) Dam, a steel salesman, John McCone, called on Bechtel. He had been a 
friend of Steve Bechtel at the Univ. of California in 1922. Steve was now head of 
the firm, due to the mysterious death of Warren Bechtel in Moscow August 29, 
1933. Dad Bechtel, 61, had come to Russia to inspect the Magnitogorsk Dam, on a 
3 day tour which also included the Dnieperstroy Dam. He had been instructed by 
the Soviet authorities to come alone, and he left his wife in Vienna. While staying at 



the National Hotel in Moscow, before leaving on the tour, Dad Bechtel died 
suddenly of "an overdose of medicine". There was no autopsy. Someone in the 
Kremlin, perhaps Stalin, had changed his mind about allowing Bechtel to inspect 
the dam. 

Stephen Bechtel found a ready ally in the aggressive business acumen of 
John McCone. They formed a separate company, Bechtel-McCone, in the nick of 
time before World War II broke out. In Dec. 1940, they got an order of $210 
million for sixty British freighters, to be built in alliance with Admiral Vickery of 
Bath Iron Works. McCone and partners later made 844 million profit on Liberty 
ships built at their Sausalito plant. They also owned California Shipbuilding, a Los 
Angeles yard which turned out 967 ships during the war, as well as Marinship, the 
Oregon Shipbuilding Co. They owned Joshua Hendy Corp. an ironmonger which 
built the engines for Liberty ships. By Sept., 1943, they had more than $3 billion in 
shipbuilding orders. The crews of Liberty ships made wry jokes about the 
propensity of these hastily flung together productions to break in two during high 
seas. Many of them were torpedoed before they could fall apart. Time noted that 
"Marinship turned out 460 freighters and 90 tankers at breakneck speed." 

The partners also built the colossal Army modification center at Birmingham 
Ala. to handle the B-29 output from Willow Run; they built the Alaskan Military 
Highway, and other projects. During this defense activity, Bechtel and McCone 
prudently remained in the background, allowing their proteges, the Kaisers, to be 
publicized as the important figures. Fortune pointed out that Kaiser was never 
more than a standin for Bechtel. Kaiser, after having been snubbed by AGC, 
became president of Associated General Contractors after the Bechtels 
recommended him. At the end of World War II, Bechtel Group held 20% of 
Kaiser Permanente Metals, which owned Richmond Shipbuilding, the Kaiser firm. 
The youngest son, Ken Bechtel, ran the Marin Shipyard. 

Bechtel's rush program of building Liberty ships considerably antedated 
Pearl Harbor. Roosevelt (Dr. Win the War) issued his emergency shipbuilding 
order in January 1941; by Sept. 27, the first Liberty ships were being launched. 



FDR, as Asst. Sec. of the Navy in 1916, had done the same thing, awarding Navy 
contracts long before we entered World War I. "Preparedness". The Bechtel- 
McCone alliance, being short of capital, invented the ingenious "cost-plus" contract 
arrangement. Under this generous stipulation, the government guaranteed war 
contractors all costs of production, plus a guaranteed 10% profit. The more the 
contractor spent, the greater his profit. It was the greatest boondoggle for the 
fortunate few since the Federal Reserve System started printing paper money with 
no backing except paper bonds. 

The free-flowing profits led to an inevitable intelligence connection. John 
McCone became president of the Air Pollution Committee in 1947, and in 1948, 
became deputy Secretary of Defense. Ralph Casey of the General Accounting 
Office later testified that while holding this office, McCone gave contracts to 
Standard Oil and Kasier, firms in which he had large investments. McCone went on 
to become Under Secretary of the Air Force 1950-51, Chairman of the Atomic 
Energy Commission 1958-60, and Director of the Central Intelligence Agency 
1961-65, resulting in a close connection between Bechtel and the CIA. While 
McCone served as chairman of the Atomic Energy Commission, Bechtel became 
the largest contractor of nuclear plants in the world. Bechtel completed the world's 
first nuclear plant at Ara, Idaho in 1951. McCone later became a director of Pacific 
Mutual Life, Standard Oil of California, and ITT. 

The Bechtels were now counted among the most influential wheeler-dealers 
in Washington. Stephen Sr. and Jr. and John McCone were key members of the 
small group of millionaires who regularly played golf with President Eisenhower 
and Arthur Godfrey at the mecca of all lobbyists, Washington's Burning Tree 
Country Club. When George Pratt Shultz became a Washington official, he 
regularly played golf with Stephen Bechtel Jr. at Burning Tree, which led to his 
being named president of Bechtel Group. 

The Bechtels had come a long way from the anxious days of 1931, when a 
small sand and gravel contractor was asked to put up $8 million working capital for 
the Boulder Dam job. They did manage to come up with $5 million, financed by 



the Schroder-Rockefeller group. Their later success has been due principally to 
their connection with the international financiers. 

Bechtel had been rescued in its time of need by J. Henry Schroder and Avery 
Rockefeller. John Lowery Simpson, vice president of J. Henry Schroder, was placed 
on Bethtel's board as chairman of its finance committee, in total charge of the 
company's financial arrangements. Huge government contracts followed this 
connection as naturally as night follows day. 

The New York Times announced the debut of Schroder-Rockefeller on July 
9, 1936, with Avery Rockefeller, son of Percy, and godson of William, allied in a 
new holding company. Avery's grandfather was James Stillman, who built the 
National City Bank to a giant concern. Avery Rockefeller held 42% of the stock in 
Schroder-Rockefeller; Baron Bruno von Schroder of London and Baron Kurt von 
ScFtroder of Cologne (who was Hitler's personal banker) held 47%. 

On June 3, 1954, the New York Times announced that Stephen Bechtel, 
chmn of Bechtel Corp. had become partner of J.P. Morgan Co. In 1955, Fortune 
reported that as Under Secretary of State, C. Douglas Dillon had arranged 
important contracts for Bechtel with the Saudi Arabian government, culminating in 
the present $135 billion Jubail operation. 

Allen Dulles, director of the CIA, was also a director of Schroder Co. The 
vice president of Bechtel, Saudi Arabian operations, C. Stribling Snodgrass, also ran 
a CIA firm called LSG Associates. Bechtel built the 1100 mile long Trans Arabia 
Pipeline for $100 million, the largest contract let to that time. A worldwide 
construction firm, with entree to many countries, can also be a conduit for 
intelligence agents. In 1980, Bechtel was building apartments in Saudi Arabia, a 
hydropower complex in Quebec, a coal fueled power project in Utah, an oil 
refinery in Indonesia, a $500 million tourist resort in Malaysia, a copper and gold 
mine in Paint, New Guinea, and a $250 million palace for the Sultan of Brunei. It 
was an ideal operation for the CIA, even without the ubiquitous Schroder 
connection. 



Bechtel was awarded the billion dollar contract for cleaning up the situation 
at Three Mile Island. In 1979, about halt of its business derived from nuclear power 
activity, despite many complaints about its faulty construction in this field. Bechtel 
made a $14 million settlement of complaints from Consumers Power Co. that the 
Palisades nuclear plant leaked radioactive water into the steam generating system. 
At Bechtel's Midland, Mich, nuclear power station, the reinforcing bar joints were 
found to be defective. Bechtel settled out of court with Portland General Electric, 
which had charged Bechtel with "negligent design" in its Trojan nuclear power 
plant at Rainier, Oregan. Nevertheless, when Brown & Root was removed from 
construction at South Texas Nuclear Project, Bechtel took over. A commentator 
noted at that time, "Bechtel is politically untouchable. So anybody who gets Bechtel 
on its side is assured of protection." 

In January, 1975, Fortune pointed out that Bechtel had never been in the red 
for a single year, because "Its engineering projects are invariably financed by its 
clients." These clients are usually governments, a lesson which may have been 
learned from the Rothschilds. The Export Import Bank frequently steps in and 
offers to finance the huge projects proposed by Bechtel. The American taxpayer 
finances many Bechtel projects through the World Bank and the International 
Monetary Fund. It could be said that every American has a stake in Bechtel. The 
president of Export Import Bank, William H. Draper III, resides at Palo Alto, 
California home address of the Hoover Institution and Hewlett-Packard Co., and 
Stanford University, the present headquarters of the Reagan-Bechtel complex. 
Draper's father, William H. Draper Jr. began his career with National City Bank in 
1919, went to Bankers Trust as treasurer, and joined Dillon Read in 1927, later 
becoming president. In 1940 he was named Presidential Adviser ,on Selective 
Service. In 1 944, he was in charge of contract termination for the War Dept. From 
1945 to 1946, he was dictator of Germany's economy, chief of the economic 
division of the Four Power Economic Directorate, Allied Military Government. He 
formulated the Draper Plan to revive German industry. In 1947, he was military 
adviser to the Secretary of State at the Moscow Conference. James V. Forrestal, his 



partner at Dillon, Read, named him Under Secretary of the Army in 1947. From 
1997 to 1949, Draper directed the occupation of Japan, as MacArthur's superior. 
He allowed MacArthur to be portrayed as the absolute ruler of Japan, but Draper 
issued all the directives. In 1952 and 1953, Draper was U.S. representative to 
NATO with the rank of Ambassador. He then became chmn of Combustion 
Engineering Systems Worldwide, a $3.15 billion company. He was also director of 
the George Putnam Fund of Boston which handles Harvard's hugh endowment, 
Freeport Minerals, Chubb Corp. and Chase International Investment. He later 
became chmn of Planned Parenthood, consultant to the UN Fund for Population 
Control, and author of the Draper Plan for population control. 

Bechtel now has a fulltime Washington Lobbyist, Parker Hart; a foundation, 
incorporated in 1953 with $7 million (the Bechtel Foundation has been called a 
"rightwing foundation" by Mother Jones, although it seems to have no particular 
loyalties). Stephen Jr. also has a foundation with; $2 million assets. Shultz is 
president of these foundations. 

Time, Oct. 4, 1954 noted that "Stephen Bechtel went to Korea for the 
American-Korea Foundation. While there, he paid a courtesy call on Coordinator 
C. Tyler Wood of the Foreign Operations Administration; Wood persuaded 
Bechtel to build three thermonuclear plants in Korea for $34 million, the largest 
FOA contract ever issued in Korea." Even when occupied with good works, bread 
cast upon the waters is returned. 

On April 2, 1 974, the Washington Post reviewed a Mother Jones article which 
stated that a Bechtel representative, Yoon Sik Cho, a Korean-American with 
connections reaching to the Korean Presidency, had bribed Korean officials to win 
four separate billion dollar projects between 1978 and 1980. The Post said, "The 
FBI, Justice Dept. and IRS are investigating allegations that the Bechtel Corp., a 
large San Francisco conglomerate, used a paid consultant to bribe South Korean 
officials between 1978 and 1980 to obtain nuclear power plant construction 
projects in violation of the 1977 Corrupt Practices Act, sources said yesterday." 
Although the Post sent millions investigating Watergate, it was content to rely on 



Mother Jones' slender resources for this investigation. The Post continued, "The 
magazines quoted an FBI informant as saying 'it was common knowledge among 
lawyers at Bechtel that anyone who didn't keep Weinberger informed would be on 
the street the next day". The article cited a source close to Weinberger as saying 
"Cap only wanted to know what it was safe to know." The article also pointed out 
that Shultz was the executive sponsor for internal auditing during the time in 
question. It said two audits were cancelled at Bechtel in 1980 'at the insistence of 
Cho; those audits would have revealed the large undocumented cash advances 
being paid to Cho'." At the time of the bribery, Secretary of State Shultz was 
president of Bechtel, and Secretary of Defense Weinberger was vice president and 
general counsel of Bechtel. In the ensuing months, the Post and the FBI have been 
content to ignore the matter, four billion dollar contracts being "small change" in 
Washington. 

Newsweek noted July 12, 1982 that Kenneth Davis, vice president of Bechtel 
in charge of nuclear plant construction since 1979, had joined Reagan's 
administration as deputy secretary of Energy involving nuclear production, 
becoming the fifth member of Bechtel to join Reagan's team. Most reporters would 
be up in arms if five executives of General Motors joined a White House team. 
Like most family concerns, Bechtel has a paternal attitude towards its employees. 
Fortune noted it paid 100% bonuses in good years. Newsweek quoted a former 
employee, March 18, 1968, "They are all robots there. They tend to pigeonhole you 
for years and years." Fortune noted that Stephen Bechtel Sr. had stepped down as 
head of the firm in 1961 at the age of 60, turning the presidency over to Stephen Jr. 
"Steve, Ken, and Jr. own one-half of the shares of the common stock, and most of 
the preferred. The corporation has first option on stock when one leaves or dies." 
Fortune usually writes about Bechtel with reverence, but did mention "occasionally 
dissatisfied customers" and bravely concluded, "A world like that can hardly do 
without a company like Bechtel." 

In April, 1968, Bechtel dedicated a new bronze 23 story building in San 
Francisco. The Feb., 1951 Fortune had run a full page color portrait of Stephen 



Bechtel Sr., citing some of the firm's recent achievements, a 506 mile pipeline for 
Pacific Gas & Electric, a $25 million plant for Lever in Los Angeles, and others. In 
Nov. 1952, Bechtel proposed a 2500 mile pipeline from the Arctic to Paris, 
promising to deliver oil at 25^ per 1000 cu ft, much cheaper than coal. Nothing 
came of this proposal, but Bechtel, after acquiring Peabody Coal Co. the nation's 
largest, in a consortium with Newmont Mining for $1.2 billion Bechtel joined with 
Lehman Bros. Energy Transport System to build 70% of the world's coal slurry 
lines. Peabody had been founded by Francis Stuyvesant Peabody, of the famed 
philanthropic family which originated the American foundation network to control 
the American people. 

Bechtel now began frenetic lobbying to build coal slurry lines. An intensive 
campaign in Virginia failed in 1983, because of the countervailing power of the 
Norfolk & Western Railroad, 40% of whose revenues come from hauling coal. The 
legislators were bemused by the amount of money spent on the coal slurry bill, but 
never knew it was a Bechtel lobbying operation. Steven D. White, president of 
Bechtel Investments, said in a letter to Forbes, April 9, 1984, "Bechtel remains 
strongly committed to the concept of coal slurry pipelines and in particular to the 
ETSI coal slurry pipeline." In 1982, Bechtel offered to build a coal slurry line in 
Russia, but perhaps because of its well known CIA connection, the offer was 
ignored. The UPI reported from Houston Aug. 2, 1984 that a $3 billion proposal 
for a slurry line from Wyoming to the Gulf Coast had been defeated. 

Michael Berryhill noted in Harpers, Dec. 1983, that Dallas was planning an 
$8.3 billion rail network. "The Bechtel Corp., the huge and secretive San Francisco 
firm with strong ties to the Republican Party, prepared the feasibility study, and will 
probably get the design contract." Bechtel is also planning a $5 billion convention 
center in Hoffman Estates, III., near Chicago and other huge projects. Bechtel 
frequently remains behind the scenes in its major projects. The proposed MX 
missile plan was headline news for weeks, but not a single journalist bothered to 
find out that the MX proposal had been drawn up by a presidential commission 
composed of John McCone, Richard Helms, and Nicholas Brady, former Senator 



from New Jersey and now chairman of Dillon Read — loyal Bechtelites, one and all. 
Mother Jones pointed out in June 1984 that Stephen Bechtel Sr. was on the 
advisory committee of the Export Import Bank, which finances many Bechtel 
projects, and that Bechtel Corp. created a new position for John Moore, president 
of EX IM Bank, as "executive vice president for financial services", which he had 
no doubt rendered. Mother Jones continued, "Never before has a corporation been 
so visibly linked to the presidency. It has had close ties with every chief of state 
since Eisenhower. Bechtel contributed heavily to Reagan's campaign in 1980. Peter 
Flanigan of Dillon Read played a key role. Shultz and Weinberger endorsed Reagan 
in the spring of 1980, joined by Walter Wriston of Citibank, who is on the Bechtel 
board of counselors, and Robert Quenon, president of Peabody Coal Co. Kenneth 
Davis, a Bechtel vice president, is No. 2 in the Dept. of Energy. Casey (CIA) 
represented Pertomina, the giant oil company of Indonesia which has been a good 
customer of Bechtel." 

When any business places this many men in a President's office, it is no 
longer a matter of "influence"; it is a matter of control. A Reagan panel of business 
leaders, including Stephen Bechtel Jr. recently recommended that the nation must 
spend $3.5 billion a year to rebuild its "infrastructure", roads, subways, bridges etc. 
Bechtel could expect to get a large share of this business. The Prime Minister of 
Canada, John Turner, was director of Canadian Bechtel. 



CHAPTER SEVEN The Foundations 



The World Order controls the citizens of the United States through the 
tax exempt foundations. These foundations create and implement 
government policy through their staff members in key positions in the 



executive, legislative and judiciary departments. The foundations create 
educational policy through their staff members in key positions at every level 
of the educational system. The foundations control religious doctrine through 
their staff members in key positions in the leading religious denominations. 

"Foundation" is a misleading term; Webster calls it an endowment, but 
a foundation is really a trust, which Roget states is a "syndicate". If, instead of 
Rockefeller Foundation, we were to say Rockefeller Syndicate, we would be 
much closer to the truth. Alpheus T. Mason, in his biography of justice 
Brandeis, quotes Brandeis as pointing out that "Socialism has been developed 
largely by the power of individual trusts." What we have then, are criminal 
syndicates masquerading as philanthropic enterprises while they inflict 
Socialist world slavery on nations and peoples for the benefit of the World 
Order. 

Norman Dodd, director of research for the Reece Committee in its 
attempt to investigate tax exempt foundations, was asked by Congressman B. 
Carroll Reece in January, 1954, "Do you accept the premise that the United 
States is the victim of a conspiracy ?" "Yes," said Dodd. "Then," said 
Congressman Reece, "you must conduct the investigation on that basis." B.E. 
Hutchinson, chairman of Chrysler Corp., although approving the goals of the 
investigation, warned Dodd, "If you proceed as you have outlined, you will be 
killed." 

Dodd stated, "The foundation world is a coordinated, well-directed 
system, the purpose of which is to ensure that the wealth of our country shall 
be used to divorce it from the ideas which brought it into being. The 
foundations are the biggest single influence in collectivism." 

The 1975 Report of the Rockefeller Foundation showed a $100,000 
grant to the Institute for World Order, operated by Prof. Saul Mendlovitz, 
who states in the Institute publication Transition, Oct. 1974, 



"I am arguing for a new governance or alternative institutions to 
those now responsible for global concert; people will be 
demanding a central guidance system; it means a governance is 
about to come into being in which the policy elites in various 
nation states who have the authority and capacity to make 
decisions - will no longer have that as their prerogative. There 
will be a governance that will say - you can't build an army 
anymore. You must give a certain amount of your economic 
income to other areas of the world." 

In short, a World Order - no national armies; no private incomes; no 
individual freedom. Ironically, all this is being financed by those who created 
wealth by the exercise of individual freedom in the United States. 

Mendlovitz does not use the word "government", which might imply a 
government by the consent of the people, as in the United States. He uses 
"governance", the imperial form, meaning a dictatorial decree. Every act of 
the foundation-syndicates, and of their masters in the World Order, is 
intended to implement a ruthless type of Oriental despotism. As is traditional 
in this type of despotism, the most efficient palace servants are eunuchs. 
Eunuchs work for little or no pay, because they do not have the expense of 
rearing families. In the foundation world, we find the eunuch as the 
predominant type of official. The eunuchs move in and out of the 
foundations into prominent posts in government, education and religion. 
Although they may marry and have children, pyschologically they remain 
eunuchs, those who have forsworn their manhood to become palace servants 
of the World Order. Columnist Jeffrey Hart recently commented on this 
type, referring to Mondale's selection of Geraldine Ferraro as his vice 
presidential nominee, "Mondale should have chosen a man, in order to 
balance the ticket." 



We well may ask, if the World Order is in control, why do we need an 
"Institute for World Order" Why do we need the foundations as Gauleiters of 
the Order's control ? The answer is that the World Order rules because it 
conceals its power; it denies that it exists. Although its power is obvious 
everywhere, in the government, in education, in the religious orders, in the 
wars and revolutions and famines which are so meticulously planned and 
executed, the World Order, like the Mafia, refuses to acknowledge its own 
existence. Its subsidiaries come and go, but the Order remains constant. 
When too many people discover the Council on Foreign Relations, power is 
moved into the Bilderbergers, or the Trilateral Commission. The Order's 
control remains constant. 

The New York Times noted April 29, 1984 that 1400 officials were 
attending the annual meeting of the Council on Foundations. There were 
21,697 foundations in the U.S., which in 1983 distributed $3.4 billion in 
grants. These grants are dispensed only to those who implement the program 
of the World Order, and whose goal is world slavery. 

The international banking families, whose origins go back to the Middle 
Ages, set up the principal American foundations to protect the wealth they 
had amassed in their dealings in slaves, drugs and gold, and to perpetuate that 
wealth through means which can only be described as "imperial decrees", 
government charters, in order to neutralize all potential rivals or opposition by 
controlling them and directing or misdirecting their opposition. 

None of the charters of the foundations indicate their real purpose. 
They are replete with such phrases as "the well-being of mankind" "the 
elimination of poverty", the "elimination of disease, "the promotion of world 
brotherhood". Compassion, caring, charity, these are the watchwords of the 
foundations. There is no hint to the unwary of the despotic instincts which 
drive these "caring" people to promote world wars and world slavery, nor is 
there any warning to the menials of the foundations that if they falter at any 



time in their dedication to the goals of the World Order, the penalty is sudden 
death. 

Many eunuchs who became a liability to the World Order have been 
eliminated without mercy. When Hiss, White and others faced Congressional 
investigation, many of their acquaintances became casualties. A lawyer named 
Marvin Smith, a close friend of Hiss, fell out of a window. Laurence Duggan, 
an intimate of both Hiss and White, was slated to testify when he fell out of a 
twelfth story window. Duggan was an official of the Institute of International 
Education, of which his father was founder and president, but these family 
ties offered him no protection. In his haste to get to the window, he tore off 
one shoe, and left his office in a shambles as he fought his way across it. The 
verdict was "suicide". The Canadian diplomat, Herbert Norman, and the 
Harvard Professor F.O. Matthiesen, also went out the window before they 
could be made to testify about their associations. The phenomena became so 
common that it gave rise to a new term "defenestration", meaning the 
avoidance of testimony, and a suitable warning to others who might think of 
talking. 

We have read ad nauseam about men of great wealth who, after careers 
of astounding ruthlessness while amassing their fortunes, suddenly underwent 
a profound conversion, like Paul, and became men of goodwill. It is true that 
the "benefactions" of the Carnegies and the Rockefellers are the most potent 
influences in American life today. 

They collect ever higher taxes, increase the control of government over 
every aspect of human life, and plan more wars and revolutions to further 
their goals. From the outset, American foundations have exhibited a twofold 
image - in front is the tireless do-gooder who balks at nothing if it serves a 
good cause. Behind him are the evil conspirators who are intent on 
preserving and increasing their wealth and power. The foundation in its 
present form, originated in the concept of a Boston family, the Peabodys. 
Henry James in his novel "The Bostonians", ridiculed a family friend, 



Elizabeth Peabody, for her fifty years of relentless humanitarian zeal, 
portraying her as the legendary Miss Birdseye. George Peabody, after slave 
trading operations in Washington and Baltimore, moved to London, where he 
was set up as a front by the Rothschild family. He amassed a fortune by 
buying up depressed stock in American panics, and chose a Boston trader, 
Junius Morgan, to carry on his business. In 1865, Peabody set up the first 
large-scale American foundation, the Peabody Educational Fund, endowing it 
with $1 million in government bonds. By 1867, this had grown to $2 million; 
by 1869, $3.6 million. Ostensibly set up to educate Southern Negroes after 
the Civil War, it was a key operation in the carpetbagger strategy to gain 
control of Southern lands and to control their state governments. These 
states had to borrow heavily from Wall Street bankers to rebuild their services, 
and they remained deeply in debt for the next century. 

Because of its international connections, the Peabody Fund attracted a 
stellar board of directors. Gen. Ulysses Grant served on its board for 
eighteen years; Grover Cleveland served fourteen years; McKinley two years; 
Theodore Roosevelt thirteen years. J. P. Morgan served on the board for 28 
vears and never missed a meeting. His partner, Anthony Drexel, served 12 
years. A fund with similar goals was the John F. Slater Fund for the 
Education of Freedmen, established by John F. Slater (1815-1884) a wealthy 
Northern textile manufacturer. Set up with $1 million, by 1882, it had grown 
to $4 million. The three original trustees were President Rutherford B. Haves, 
Daniel Coit Gilman, and Morris K. Jesup, treasurer. 

When John D. Rockefeller discovered that the foundations offered the 
road to world power, the Peabody Fund proved to be his model. He and his 
"Director of Charity", Fredrick T. Gates, set up the Southern Educational 
Board, which merged with the Peabody and Slater Funds. They later set up 
the General Education Board which absorbed its three predecessors. Its 
charter stated that its purpose was "the promotion of education within the 
USA without distinctions of race, creed or sex". Its goals were racial 



amalgamation and the abolition of distinctions between the sexes. Its 
incorporators included its first president, William H. Baldwin Jr., pres. Long 
Island Railroad, formerly with Union Pacific, the Harriman-Schiff operation; 
Frederick T. Gates, Rockefeller's righthand man; Daniel Coit Oilman, vice 
pres. Peabody Fund and the Slater Fund, president Univ. of California 1872- 
75, president John Hopkins Univ. 1875-1901, and first president of the 
Carnegie Institute. Oilman was an original incorporator of the Russell Sage 
Foundation and the Carnegie Institute. The fact that one man was an 
incorporator of the three most influential foundations in America shows how 
centralized the control of these supposedly autonomous foundations has 
always been by a few ruthless individuals. Oilman is usually listed as a charter 
member of the World Order, because he, together with Andrew Dickson 
White and Timothy Dwight, set up the Russell Trust at Yale in 1856, to 
finance the Skull and Bones organization, whose members are the leading 
front men in America. W. Averell Harriman, Vice President George Bush, 
and propagandist William Buckley of the National Review are typical members. 
Norman Dodd, also a Yale man, said, "It was well-known on campus that if 
you were tapped for Bones you would never have to worry about success in 
later life." 

Of the three founders of this order, Dwight became president of Yale; 
White, son of a railroad millionaire, was said by the New York Times to have 
inherited enough money to make him free from care for life; he became the 
first president of Cornell University, and gave the institution $300,000 to set 
up its School of Government; he became the first president of the American 
Historical Assn, and was U.S. Ambassador to Russia 1892-94, and 
Ambassador to Germany 1897-1902. His final legacy was to advise Herbert 
Hoover to set up the Hoover Institution. However, it is with the third 
founder, Daniel Coit Oilman, with whom we are most concerned. Gilman 
trained John Dewey in collectivist theories of education at Johns Hopkins 
University. Dewey went on to head the University of Chicago School of 



Education, and later Teachers College at Columbia University, two of the 
leading Fabian Socialist schools in the world. Oilman, through his protege, 
Dewey, has dominated American education throughout the twentieth 
century. Oilman also trained Richard Ely at the Johns Hopkins dept. of 
economics. Ely later taught Woodrow Wilson, whom he describes as 
"unusual, brilliant". Thus Oilman's influence extended through Ely to 
Woodrow Wilson, who gave us the Federal Reserve System, the income tax, 
and the First World War. 

Although American, the three founders of this order were educated at 
the University of Berlin, where they were indoctrinated in the Hegelian 
philosophy of determinism. This philosophy of education and government 
teaches that everyone can be controlled and must be controlled in order to 
achieve predetermined goals. It is the philosophy of Oriental despotism 
transferred to Europe and adapted to the greater individuality of the 
European peoples, from whom most Americans are descended. As founder 
Frederick T. Gates wrote in the General Education Board Occasional Paper 
No. 1: "In our dreams we have limitless resources and the people yield 
themselves with perfect docility to our moulding hands. The present 
educational conventions fade from our minds, and, unhampered by tradition, 
we work our own good will upon a grateful and responsive rural folk." 

The members of the World Order regard everyone as a peasant; they 
have only contempt for those who are too naive to see that they are being 
robbed, tricked and enslaved. 

Other original directors of General Education Board included Morris 
K. Jesup, a banker who had been treasurer of the Peabody and Slater Funds. 
He was a director of Western Union, a Kuhn Loeb controlled company, 
Metropolitan Trust, and Atlantic Mutual Insurance; Robert C. Ogden of John 
Wanamker Co., who served as president of Southern Educational Board, 
Tuskegee Institute, Union Theological Seminary, and Hampton Institute; 
Walter Hines Page, who as Ambassador to Britain helped involve us in World 



War I; Sir Roderick Jones, chief of Reuters News Agency at its historic 
address, 24 Old Jewry, London, relates a bit of history in his autobiography, 
"A Life in Reuters," a luncheon given by him for Gen. Smuts, Sir Starr 
Jameson, and Dr. Walter Hines Page (all three of whom had Rothschild 
connections). 

"We dined in a private room at the Windham Club, the one in 
which twenty years later the terms of the abdication of King 
Edward VII were setded. We drifted on to the question of the 
U.S. entering the war, for which Britain and France so patiendy 
waited. Dr. Page then revealed to us, under seal of secrecy, that 
he had received from the President that afternoon, a personal 
communication upon the strength of which he could affirm that, 
at last, the die was cast. Consequently, it was not without 
emotion that he found himself able to assure us that the U.S. 
would be at war with the Central Powers inside a week from that 
date. The Ambassador's assurance was correct to the day. We 
dined on Friday, March 30. On April 2 President Wilson asked 
Congress to declare a State of War with Germany. On April 6, 
the U.S. was at war." 

Can anyone fail to make a connection between the director of a "charity" 
designed to control the education of every citizen of the U.S., and its director 
who conspired to involve us in a world war ? 

Another incorporator of General Education Board was George Foster 
Peabody, a member of the family which had set up the Peabody Fund. He 
married Katrina Trask, relict of Spencer Trask, a wealthy stockbroker who 
specialized in railroad issues. Their estate, Yaddo, a magnificent upstate 
mansion, was left as a foundation to provide writers and artists a place to 
work. The grantees, one need not add, have been unanimously and 
relentlessly "liberal" in their philosophy and work, although they have 



regrettably failed to produce any significant contributions to American art or 
literature. Spencer Trask had been killed when someone shunted a freight 
train onto the line carrying his sumptuous private car. George Foster 
Peabody promptly moved into Yaddo with Katrina, and lived ten years with 
her before marrying her in 1921. She died shortly thereafter, and Peabody 
"adopted" a lissome young divorcee, Marjorie White, when he was informed 
the church would not allow him to marry her. He then appointed her sister, 
Elizabeth Ames, director of Yaddo, where she remained as virtual dictator for 
many years. The music room at Yaddo displays a large bronze plaque which 
reads, "George Foster Peabody, Lover of Men". Peabody was appointed the 
first director of the Federal Reserve Bank of New York in 1914, serving 
during the crucial years of World War I, until 1921. He was an enthusiastic 
supporter of the Bolshevik Revolution in Russia, and later became a director 
of FDR's Warm Springs Foundation, and the Hampton Institute. Louise 
Ware writes in her biography of Peabody, "He (Peabody) added that the 
national crisis (World War I), when every man was needed, should insure the 
Negro opportunity." Peabody was chairman of Combustion Engineering 
Corp., president of Broadway Realtors, director of Mexican Lead Co., 
Mexican Coal & Coke, Mexican National Railways, Tezuitian Copper Refining 
and Smelting, and served as treasurer of the Democratic National Party. 
Despite his "capitalist" background, Peabody was always an avowed Socialist. 
Ware notes that he wrote to Norman Thomas, "I have always been most 
sympathetic to individual Socialist aspirations. I have particularly observed 
the Fabian System of England with hopeful anticipations." 

This admirer of Fabian Socialism is the man who helped install the 
General Education Board as the guiding force behind all educational 
developments in the U.S. since 1910. 

The Springfield Republican noted, Oct. 1866, 



"For all who know anything of the subject know very well that 
Peabody and his partners in London gave us no faith and no 
help in our struggle for national existence. They participated to 
the full in the common English distrust of our cause and our 
success, and talked and acted for the South rather than for our 
nation. No individual contributed so much to flooding our 
money markets with the evidences of our debt in Europe, and 
breaking down their prices and weakening financial confidence 
in our nationality than George Peabody & Co. and none made 
more money by the operation. All the money that Mr. Peabody 
is giving away so lavishly among our institutions of learning was 
gained by the speculations of his house in our misfortunes." 

This editorial was also reprinted in the New York Times Oct. 31, 1866. The 
writer did not know that Peabody was a front for the Rothschilds, or that the 
establishment of the Peabody Fund was intended to give them political and 
financial control of the impoverished South, or that it would inaugurate the 
"Era of the Foundations" as the controlling factor in American life. 

John D. Rockefeller used General Education Board funds through 
Standard Oil representatives in Russia to provoke the Russian Revolution in 
1905. No wonder the Soviet masses cheer when a Rockefeller arrives to visit 
them. To date, the Rockefellers have "given" more than $5 billion from stock 
income, meaning that Americans have had to ante up billions of dollars in 
taxes which would otherwise have been revenue on this income. 
Congressman Wright Patman, chmn of the House Banking & Currency 
Committee, proved in 1967 Hearings that 14 Rockefeller foundations held 
assets of more than $1 billion in Standard Oil stock. Not only did they pay no 
tax on this stock, but it gave them permanent control over the family owned 
firm. Rival financiers could not buy control of Standard Oil because its stock 
was insulated by foundation ownership. As Patman pointed out, the fact that 



the Rockefellers escaped paying huge sums in taxes gave them an unsurpassed 
market advantage over other firms which had to pay normal rates of taxation. 
The agitation for increased "corporate taxation" adds to Rockefeller's 
advantage. Patman said, "The Foundations are the best investments the 
Rockefeller family could have made." 

A family member, Senator Nelson Aldrich, shepherded the General 
Education Board charter through Congress. The Rockefeller Foundation 
charter proved more difficult. It was a flagrant effort to evade government 
decrees against the Standard Oil monopoly, but was finally pushed through in 
1913 by Sen. Robert F. Wagner of N.Y., setting aside $50 million in Standard 
Oil of New Jersey stock for "charitable work". The Rockefeller Foundation 
charter was signed on May 22, 1913. Its incorporators were John D. 
Rockefeller, John D.Rockefeller Jr.; Henry Pratt Judson, of the Lyman and 
Pratt families, president of University of Chicago; Simon Flexner, educated at 
Universitv of Berlin and Univ. of Strasbourg, had served with Rockefeller 
Institute since 1903 as prof, of medicine; Starr Jameson, "personal counsel to 
John D. Rockefeller in his benevolences"; Jerome D. Greene, secretary of 
Harvard Corp. 1910-11, banker with Lee Higginson of London, 1912-18; sec. 
Reparations commission at Paris Peace Conference; Wickliffe Rose, prof. 
Peabody College, secretary Peabody Educational Fund, trustee of Slater Fund 
and General Education Board; and Charles W. Eliot, also of the Lyman 
family, married Ellen Peabody, educated in Germany, president emeritus of 
Harvard. An offshoot, the China Medical Board, secured Standard Oil the 
market for "oil for the lamps of China", and gave the family entree into the 
highly profitable Asiatic drug trade. The breakthrough was obtained after 
they financed the rise to power of the Soong family, who created modern 
China. 

The list of officers of the Rockefeller Foundation from 1913-63 reveals 
a great deal about this organization. The four chairmen of the board have 



been John D. Rockefeller. Jr. 1917,1939, Walter D. Stewart, 1939-50, John 
Foster Dulles, 1950-52, and John D. Rockefeller 3rd, 1952-63. 

Walter D. Stewart served with Bernard Baruch on the War Industries 
Board in 1918, was with the Federal Reserve Board from 1922-25, and then 
joined the law firm of Case, Pomery, a Rockefeller firm. He was economic 
adviser to the Bank of England 1928-30, Special Adviser to Bank for 
International Setdements 1931, Presidential Council of Economic Advisors 
for Eisenhower 1953-56, and later president of the Institute for Advanced 
Study. In this list of legal and financial posts, one is struck by the conspicuous 
absence of any "charitable" endeavours. 

John Foster Dulles, as senior partner of the law firm of Sullivan and 
Cromwell, carried on the firm's traditional involvement in promoting wars 
and revolutions. Few Americans know that Sullivan & Cromwell's intrigues 
made the Panama Canal possible. 

A 736 page volume, "The Story of Panama, the U.S. House Hearings 
on Panama in 1913," offers hundreds of pages of documentation proving that 
William Nelson Cromwell, founder of the firm, and Dulles' mentor, instigated 
and promoted the Panamanian Revolution for J.P. Morgan and J & W 
Seligman. Morgan subsequently received $40 million in gold from the U.S. 
Treasury, the largest check it had ever drawn to that time. $35 million of this 
sum was clear profit. President Theodore Roosevelt sued the New York 
World for libel for printing some of the facts about himself and Cromwell. 
The case was unanimously thrown out of court by the Supreme Court. 

We find in "The Roosevelt Panama Libel Case Against the N.Y. 
World" the following : 

"On Oct. 3, 1908, the Democratic National Committee was 
considering the advisability of making public a statement that 
William Nelson Cromwell in connection with M. Bunau-Varilla, 
A French speculator, had formed a syndicate at the time when it 



was quite evident that the U.S. would take over the rights of 
French bondholders in the DeLesseps Canal, and that this 
syndicate included among others Charles P. Taft, brother of 
William Howard Taft, and Douglas Robinson, brother-in-law of 
President Theodore Roosevelt. These financiers invested their 
money because of a full knowledge of the intention of the U.S. 
Government to acquire the French property at a price of about 
$40 million and thus - because of the alleged information from 
Government sources - were enabled to reap a rich profit." 

On Aug. 29, 1908, the Democratic National Committee issued a statement 
from its headquarters in Chicago identifying Cromwell as "William Nelson 
Cromwell of New York, the great Wall Street lawyer, attorney for the Panama 
Canal combine, Kuhn Loeb Co., the Harriman interests, the sugar trust, the 
Standard Oil trust et al." 

Thus the Democratic leaders identified Cromwell as the lawyer for the 
seven men who controlled America for the Rothschilds. The Democrats 
continued : "In Sept. 1904, during the absences of Secretary Taft from 
Washington, Mr. Cromwell, a private citizen practically ran the War Dept. 
John F. Wallace, Chief Engineer of the Panama Canal, testified before the 
Senate Committee on Feb. 5, 1905, 'Cromwell appeared to me to be a 
dangerous man'." 

The House Hearings devoted many pages to Cromwell's activities, well 
worth anyone's reading, including damning testimony from Congressman 
Rainey : 

" The revolutionists were in the pay of the Panama Railroad & 
Steamship Co., a New Jersey corporation. The representative of 
that corporation was William Nelson Cromwell. He was the 
revolutionist who promoted and made possible the revolution 
on the Isthmus of Panama. At that time he was a shareholder in 



the railroad and its general counsel in the United States. William 
Nelson Cromwell - the most dangerous man this country has 
produced since the days of Aaron Burr - is a professional 
revolutionist." 

John Foster Dulles, chairman of the board of the Rockefeller 
Foundation, inherited the mantle of Cromwell as the most dangerous man in 
America. A member of the Rockefeller family through his marriage to Janet 
Pomeroy Avery, he was secretary to his uncle, Secretary of State Robert 
Lansing, at the Paris Peace Conference. Thomas Lamont, partner of J.P. 
Morgan, wrote of Dulles at that time, "All of us placed great reliance upon 
John Foster Dulles." 

Dulles later turned up in Germany with Baron Kurt von Schroder to 
guarantee Hitler the funds to take over Germany. U.S. Ambassador to 
Germany William Dodd writes in his Diary, Dec. 4, 1933, "John Foster 
Dulles, legal Counsel for associated American banks, called this afternoon to 
give an account of claims being urged on behalf of bondholders against 
German cities and corporations, more than a billion dollars. He seemed very 
clever and resolute." Ron Pruessen, in his biography of Dulles, mentions 
Dulles' "secret discussions with the German Cabinet Dec. 1933 and Jan. 1934 
in Berlin." Pruessen lists Dulles' banking clients during the 1920s, "J.P. 
Morgan, the national City Co., Kuhn, Loeb & Co., Dillon Read, Guaranty 
Trust, Lee Higginson, and Brown Bros Harriman." Dulles had a legal 
monopoly on Wall Street. 

John Foster Dulles never lost his penchant for starting wars. How 
many Americans know that it was John Foster Dulles who sent a telegram 
from Tokyo to President Truman's advisers, "If it appears that the South 
Koreans cannot repulse the attack, then we believe that U.S. force should be 
used." Although Dulles never revealed who "we" included, this telegram set 
off our involvement in the Korean War. 



Among the presidents of the Rockefeller Foundation, we find George 
E. Vincent, who was president of the Chautauqua Institution. He served with 
Herbert Hoover on the Commission for Relief in Belgium; Max Mason, 
president of the University of Chicago, to which the Rockefellers gave some 
$400 million; Raymond Blaine Fosdick, who served as secretary to the League 
of Nations, 1919-20, later was official biographer of John D. Rockefeller; his 
brother Harry Emerson Fosdick, who was pastor of Rockefeller's church; 
Chester L Barnard, president of AT&T, director of the U.S. Telephone 
Agency during World War I; Dean Rusk, who served two presidents as 
Secretary of State; and J. George Harrar, who was Andrew D. White 
professor at Cornell. 

The Secretaries of the Rockefeller Foundation are: Jerome D. Greene, 
who was secretary to the president of Harvard 1901-05, and on the board of 
Harvard Overseers 1911-1950, secretary of the Reparations Commission 
under Bernard Baruch at the Paris Peace Conference 1919, general manager 
of the Rockefeller Institute of Medical Research 191-1939, director of 
Brookings Institution, 1928-1945, and chairman of the notorious Rockefeller 
financed Institute of Pacific Relations, of which Laurence Rockefeller was 
secretary, and which had close relations with the Soviet spy Richard Sorge in 
Japan; Edwin R. Embree, who set up the Julius Rosenwald Foundation in 
1917 "for the wellbeing of mankind", seven of whose trustees were identified 
as members of Communist front organizations. 

Vice presidents of the Rockefeller Foundation since 1913 include; 
Roger S. Greene, the organizer of the Committee to Defend America by 
Aiding the Allies, whose purpose was to involve us in World War II and who 
served with the Dept. of State from 1940-44; and Alan Gregg, who served 
with the British Expeditionary Force 1917-19. 

All of these officers also are listed as directors of the Rockefeller 
Foundation. Other directors include; The Lord Franks, British Ambassador 
to the U.S. 1948-52, a key member of the London Connection which operates 



the United States as a colony of the British Empire; he is a director of the 
Rhodes Trust, the Schroder Bank, visiting professor at the University of 
Chicago, chairman of Lloyd's Bank, and presently chancellor of East Anglia 
University; Charles Evans Hughes, governor of New York, presidential 
candidate who is believed to have actually defeated Woodrow Wilson in 1916, 
later Chief Justice of the Supreme Court, appointed to that post by his good 
friend Herbert Hoover; James R. Angell, chmn National Research Council. 
1919-20, president of the Carnegie Corp., president of Yale (his daughter is 
Mrs. William Rockefeller); he was a director of New York Life and NBC; 
Trevor Arnett, president of the International Board of Education; Harry Pratt 
Judson, president Univ. of Minnesota, president American University in 
China, director of Rockefeller's China Medical Board; Vernon Kellogg, 
Herbert Hoover's assistant in the U.S. Food Administration, during World 
War I and the American Relief Administration 1919-21, later secretary 
National Research Council and trustee of Brookings Instn; Starr Murphy, 
who lists himself in Who's Who as "the personal counsel and representative of 
John D. Rockefeller in his bevenolences"; Wickliffe Rose, director of public 
health, Rockefeller Foundation 1913-23; president Peabody College 1892-02, 
agent Peabody Education Fund 1907-15, Rockefeller Sanitary Commission 
and Southern Educational Board 1909-15, International Health Board 1913- 
28, president General Education Board 1913-28, International Education 
Board 1923-28, director Red Cross and Atlantic Council; A. Barton Hepburn, 
Supt. Banks NY. State 1880-83, chief bank examiner N.Y 1888-92, 
Comptroller U.S. Army 1892-93, vice pres. National City Bank 1897-99, 
president Chase Nad Bank 1899-1922, member Federal Advisory Council, 
Federal Reserve System, 1918, Director N.Y. Life, Sears, Woolworth, 
Studebaker, Texas Co.; Julius Rosenwald, set up Rosenwald Foundation to 
carry on Peabody fund agitation in the South, "total involvement"; he also 
gave $700,000 to Rockefeller's University of Chicago, was trustee Baron de 
Hirsch Fund, Zionist settlement program; Martin A. Ryerson, president 



board of trustees University of Chicago, trustee Carnegie Institution; Karl T. 
Compton, assigned to American Embassy Paris 1918, he was chmn U.S. 
Radar Mission to USSR 1943, spec. rep. secretary of War 1943-44, spec, advsr 
atomic development 1945, achieved immortality as the man who told Pres. 
Truman to drop the atomic bomb on Japan, the first use of this horror 
weapon, also director of Ford Foundation, Sloan Kettering Institute, Royal 
Society of London; John W. Davis, lawyer for Morgan and Rockefeller, 
Ambassador to Britain 1918-21, Democratic candidate president 1924; John 
Sloan Dickey, with Dept. State 1940-45, president Dartmouth, served on 
President's Commission on Civil Rights; Harold W. Dodds, president 
Princeton, was Herbert Hoover's executive secretary U.S. Food 
Administration 1917-19, trustee Brookings Institution and Carnegie 
Foundation, director Prudential Insurance; Lewis W. Douglas, grad. Oxford, 
married Peggy Zinsser, Director of Budget 1933-34, president American 
Cynamid, Ambassador to Great Britain 1947, chairman of board Metropolitan 
Life, director General Motors, Homestake Mining Co.; Orvil Dryfoos, who 
married Marion Sulzberger and became chairman of New York Times, trustee 
Baron de Hirsch Fund; Lee A. DuBridge, president California Institute of 
Technology, trustee Rand Corp. member U.S. Atomic Energy Commission, 
awarded the King's Medal for service to Great Britain 1943; David Leon 
Edsall, dean Harvard Medical School 1918-35; Charles William Eliot, who 
married Ellen Peabody, studied European educational methods, president of 
Harvard for many years, promoted Hegelian school of determinism; Simon 
Flexner who studied at Univ. of Berlin, Univ. of Strasburg, set up Rockefeller 
Institute of Medical Research, member Royal Society of London, many 
medical societies; Douglas Freeman, editor Richmond News Leader, director 
Woodrow Wilson Foundation, Equitable Life; Herbert S. Gasser, organized 
Chemical Warfare Service 1918, fellow Royal Society, London and Edinburgh; 
Frederick T. Gates, lists himself as "business and benevolent representative 
John D. Rockefeller 1893-1912; Walter S. Gifford, organized U.S. Council 



Natl Defense 1916-18 formed to involve us in World War I, invited bv Col. 
House to serve on U.S. Inter Allied Council 1918, president AT&T, chairman 
of board of Carnegie Institution; Robert F. Goheen, president Princeton 
1957-72, Woodrow Wilson Fellowship, Smithsonian Institution, Institute of 
International Education, Dreyfus Fund, board of overseers Harvard Univ. 
Carnegie Foundation; Herbert Spencer Hadley, as atty gen. of Missouri 
prosecuted Standard Oil, they then backed him for Governor, he served from 
1909-13; Wallace K. Harrison, architect Rockefeller Center and UN Building; 
Theodore Hesburgh, president Notre Dame Univ., Woodrow Wilson 
Fellowship, Carnegie Foundation, Ford Foundation, Rockefeller Bros Fund, 
Hoover Commission; Ernest M. Hopkins, asst. to Sec. of War 1918, Office 
of Procurement & Management 1941, president Darthmouth 1916-45; 
Arthur A. Houghton, chain Corning Glass, office Price Management 1941-42, 
adv. com. on arts Federal Reserve System, director New York Life, U.S. Trust, 
J. P. Morgan Library; Clark Kerr, pres. Univ. of California 1952-73; Robert A. 
Lovett, married Adele Brown, of Brown Bros; he was partner Brown Bros 
Harriman 1926-61, spec, asst Sec. of War 1940-41, Sec. War for Air 1941-45, 
Under, Sec. State 1947-49, replaced James A. Forrestal as Secretary of 
Defense when Forrestal fell from window at Naval Hospital, served as Sec. 
Defense 195-52, director Royal Globe Insurance of London, N.Y. Life, 
Freeport Sulphur, chairman Union Pacific, director Carnegie Instn; his father, 
judge Robert S. Lovett was attorney for UP, advised Harriman and Kahn not 
to answer, questions about their stock dealings, all records burned in 1911; 
Benjamin McKelway, editor Washington Star; Henry Allen Moe, Rhodes 
Scholar, ran Guggenheim Foundation for many years, barrister of Inner 
Temple, London, chmn Museum, of Modern Art set up by Rockefeller family, 
also Natl Endowment for the Humanities; William Myers, director Federal 
Reserve Bank of N.Y., pres. Committee on Foreign Aid 1947, director 
Carnegie Foundation, Arco, Smith Corona, Continental Can, Grand Union, 
Mutual Life; Thomas I. Parkinson, adj Gen. U.S. Army 1918-19, chairman 



Equitable Life, Chase Natl Bank, ATT, Borden; Thomas Parran, Surgeon 
General U.S. 1936-48; Alfred N. Richards, staff British Medical Research 
1917-18, organized U.S, Chemical Warfare Service 1918; Dean Rusk, Rhodes 
Scholar, joined Dept. State 1946, important role with John Foster Dulles in 
involving U.S. in Korean War, asst. Sec. War 1946-47, UN Affairs Dept. State 
1947-49, president Rockefeller Foundation 1950-60, Secretary of State 1961- 
69; Geoffrey S. Smith, married into Coolidge family, counsel Nad Refugee 
Commission 1940, OPM 1941, War Production Board 1942, pres. Girard 
Trust, director Bell Telephone; Robert G. Sproull, pres. Univ. of Calif, his 
brother Allan was president Federal Reserve Bank of N.Y. for many years, 
Robert was director Institute of International Education, Carnegie 
Foundation, American Group on Allied Reparations 1945,Citizens Committee 
for the Marshall Plan, Institute of Pacific Relations; Frank Stanton, OWI 
1942-45, president of CBS for many years; Robert T. Stevens, chairman of 
family firm J.T. Stevens, giant textile firm, director Federal Reserve Bank of 
N.Y., J.P. Morgan, General Electric, General Foods, New York Telephone, 
Secretary Army 1953-55, involved in McCarthy Hearings; George D. Woods, 
chairman First Boston, Kaiser Steel, General Staff U.S. Army 1942-95, 
director New York Times; Arthur M. Woods, asst. Sec. War World War I, 
director of Rockefeller firm Colorado Fuel & Iron, scene of massacre of 
workers, Ludlow massacre; Owen D. Young, chairman General Electric, 
director RCA, American Foreign Power, General Motors, NBC, RKO, 
Federal Reserve Bank of NY., agent gen. for reparations payments 1919-24, 
chosen by Bernard Baruch; Winthrop Aldrich, Rockefeller family member, 
chairman Chase National Bank, director AT&T, International Paper, 
Metropolitan Life, Westinghouse, Federal Reserve Bank of N.Y, Rockefeller 
Center, served as Ambassador Great Britain 1953-57; Barry Bingham, editor 
Louisville Courier-Journal, served in Europe 1942-45, special mission to 
France for ECA 1949-50; Chester Bowles, founded ad agency Benton & 
Bowles, served with OPA, WPB WWII, ambassador to India 1951-53, 



Woodrow Wilson Foundation, partner Sen. William Benton; Lloyd D. Brace, 
pres. First Natl Bank, director ATT, Gillette, John Hancock, Stone & 
Webster, U.S. Smelting; Richard Bradfield, educated at Univ. of Berlin, 
married into Stillman family Guggenheim fellow, carried out Far Eastern 
policy for Rockefeller Foundation as head division of agriculture 1955-57; 
Dieter Bronk, pres. Rockefeller Institute Medical Research, Sloan Kettering 
Institute, received Order of British Empire; William H. Claflin, treas. 
Harvard; Ralph Bunche, educated at Harvard and London School of 
Economics, with British section OSS 1941-44, Dept. State 1944-47, 
Dumbarton Oaks 1944, UN at San Francisco with Alger Hiss 1945, UN 
London 1945, Und. Sec UN 1947-71, Palestine Mediator 1948-after Count 
Bernadotte was assassinated by Begin; C. Douglas Dillon born Switzerland 
1909, director U.S. & Foreign Securities 1937-63, chairman Dillon Read 1946- 
53, Ambassador to France 1953-57, under Sec. State 1958-60, helped Bechtel 
obtain Arabian contracts (Bechtel later bought out his family firm, Dillon 
Read), Secretary of Treasury 1960-65, is trustee Brookings Instn, Hoover 
Institution, Heritage Foundation, his daughter is Princess Joan of 
Luxembourg, married into family which is direct descendant of William of 
Orange who chartered the Bank of England; Edward Robinson, was with 
Peabody Co., Spencer Trask Co. treasurer Rockefeller Foundation & General 
Education Board 1938-62; Kenneth Wernimont, joined Institute of 
International Education 1 937, Dept. of Agriculture 1 938-46 in Latin America, 
Mexican missions for Rockefellers; Charles W. Cole, pres. Amherst, 
Ambassador to Chile 1961-64, director Charles E. Merrill Trust Thomas B. 
Applegate Jr. exec, secretary to John D. Rockefeller Jr., 1926-28, Rockefeller 
Foundation 1929-49; Charles B. Fahs, OSS 1942-46, chief Far East Division 
of Dept. of State; Edmund E. Day, dean Wharton School of Finance U. Pa 
1912-29, Guggenheim fellow, president 1933-39 Natl Bureau of Economic 
Research set up by Rockefellers. 



The 1981 list of Rockefeller Foundation trustees also includes James C. 
Fletcher, whose "charitable" background is listed in Who's Who as "Naval 
ordinance 1940", and forty years of subsequent experience in guided missiles 
and strategic weapons, with Hughes Aircraft 1948-54, guided missiles with 
Ramo-Wooldridge 1954-58, Aerojet General 1960-71, chmn Minuteman 1961, 
military aircraft board 1964-67, strategic weapons board 1959-61, chmn Naval 
Warfare panel 1967-73, and board of American Ordinance Assn. Another 
1981 trustee is James D. Wolfensohn, who serves as president J. Henry 
Schroder Banking Corp. N.Y., and its parent company, Schroders Ltd. of 
London. 

Examining the dominant members of the Rockefeller Foundation, we 
find men whose lives have been devoted to war and revolution, chemical 
warfare, international intrigue, and mass murder; we find the chairman of the 
board was John Foster Dulles, who inherited the title of "most dangerous 
man in America" from his mentor, William Nelson Cromwell; Dulles 
obtained crucial financing for Hitler, and sent the key telegram involving the 
U.S. in the Korean War, while his brother, a director of Schroder Bank, set up 
the CIA; we find Karl T. Compton, who gave the word to drop the atomic 
bomb on Japan in 1945 and unleashed the horror of atomic warfare on the 
entire world (he was also trustee of Ford Foundation); we find Lord Franks, 
key member of the Rhodes Trust, the Schroder Bank; what we do not find is 
anyone who has ever engaged in any charitable endeavor. The Rockefeller 
directors of what is properly the "Rockefeller Syndicate" interlock with the 
nation's major banks, corporations, universities and government 
departments. This is the network which illegally rules America, which, by its 
tax evasion, places a tremendous tax burden on all American taxpayers, and 
which makes our elections a farce because these men determine all policies 
which are implemented in the United States. 

Through the Sealantic Fund, the Rockefellers control American schools 
of theology and the religious institutions of America; through the Rockefeller 



Bros Fund they control government policy. In 1958, the Rockefeller Bros 
Fund convened American leaders to urge greater military spending; the group 
included Gen. Lucius Clay of Lehman Bros., former chief of U.S. forces in 
Europe; Gordon Dean of the U.S. Atomic Energy Commission; Deverux C. 
Josephs of J.P. Morgan Co.; Henry Luce of Time Mag. Thomas B. McCabe, 
churn Federal Reserve Board of Governors; Anna M. Rosenberg, secretary to 
Bernard Baruch. and Asst. Sec. Defense (she married Julius Rosenberg), was 
on Social Security Board 1936-43, charter member of New Deal 
Administration, War Manpower Commission 1942-45, trustee of Ford 
Foundation and Rockefeller Foundation, later married Paul Hoffman, head of 
ECA; Dean Rusk of the Rockefeller Foundation; David Sarnoff, founder of 
RCA; Henry Kissinger; and Roswell Gilpatrick, und. Sec. Air Force 1951-53. 
Gilpatric was partner of the Kuhn, Loeb law firm of Cravath de Gersdorff 
Swaine and Wood 1931-61, Yale Corp. Woodrow Wilson Foundation; his 
brother Chadbourne was a Rhodes Scholar, OSS Europe World War II, and 
CIA 1947 to present; another brother, Donald, was on the staff of Nad City 
Bank, Board of Economic Warfare 1943-43, economic advisor Allied 
Headquarters during World War II, U.S. Member UNRRA, dir. ECA 1948, 
now director of Olin Matheson and Winchester Arms. 

Every American worker is regularly reminded of one Rockefeller 
Foundation "boon to mankind" when he receives his mutilated pay check 
with the "withholding tax" ripped from it. In 1943, at the height of World 
War II, Congress passed an "emergency" wartime tax bill, the Current Tax 
Payment act of 1943. Enacted on June 9, 1943, the bill became known as the 
Withholding Tax. The "emergency" ended some forty years ago, and in the 
intervening decades the bill has been and it is illegal. It is illegal because it is 
not "withholding" and because it is not a tax. Since it is not what it claims to 
be, it cannot be enforced, as it has no legal standing. In legal terms, the 
withholding tax is a garnishee. Webster defines a garnishee as a legal notice 
served with a writ of attachment to attach the wages of a debtor on behalf of a 



creditor. However, the withholding tax is not a legal notice served with a writ 
of attachment, nor is it issued by any court, and is not collectible under U.S. 
law. Second, the "debt", or tax, can only be established on the annual return 
at then end of the taxable year, as provided by law. IRS claims that the 
withholding tax establishes "the liability at the source". However, no debt has 
been established at the time of collection. 

The withholding tax is also illegal because it was enacted into law as the 
result of a conspiracy by persons who concealed their motives and their 
allegiances. Beardsley Ruml, who foisted the plan on Congress, told a New 
Yorker reporter that the withholding tax plan originated at a luncheon of 
"intellectuals" at the luxurious Plaza Hotel. He refused to identify any of the 
other conspirators. Fortune said of him, 

"Beardsley Rural of pay-as-you-go fame (characterized by 
Congressman Wright Patman as protecting the first crop of war 
millionaires), is beyond a doubt one of the most mentally agile 
and popular men in American history. Like many other 
interesting personalities, the treasurer of Macy's, chairman of the 
Federal Reserve Bank of New York and eminent fiscal planner is 
a far from simple character. The former dean of social sciences 
at the Univ. of Chicago later worked for the Carnegie Corp. In 
1922 the Rockefellers made the 28-year old Ruml director of the 
Laura Spelman Rockefeller Memorial ($80 million). The 
Memorial had been founded for charitable aid to women, but 
Mr. Rural, arguing that the welfare of the individual depends on 
the welfare of the whole society, threw the organization and $25 
million of the funds behind the social sciences." 

Ruml's idea of the withholding tax is suggested in his book. 
"Government Business and Values", p. 179, "It is evident that the progress of 
science, technology and education will force important changes in our 



personal, social and economic relationships. To meet these changes, 
government must change and modify the laws, rules and regulations under 
which we live." Note that Ruml says "force" changes, by "government" 
decree. This is the entire foundation program, to impose by force their will 
on the American electorate, in a criminal syndicalist conspiracy against the 
wellbeing of every American. 

The 1971 list of trustees of the Rockefeller Foundation shows it 
continues to be the ruling hierarchy of the U.S. It includes W. Michael 
Blumenthal, and C. Douglas Dillon, both of whom served as Secretaries of 
the Treasury; Robert F. Goheen, president of Princeton; Vernon Jordan, the 
token black; Robert V. Roosa, and Cyrus Vance, Secretary of State under 
Carter. Roosa is a founding member and secretary of the Trilateral 
commission. While he was on the staff of the Federal Reserve Bank of N.Y., 
Roosa trained a group known as the "Roosa Bloc", his chief protege being 
Paul Volcker, who, as chairman of the Federal Reserve Board of Governors, 
unleashed a ruinous recession in the U.S. with 20% interest rates and 25% 
inflation. Of course the banks profited handsomely while driving millions of 
Americans into bankruptcy. The New York Times reported that David 
Rockefeller and Roosa "suggested" to Carter that he appoint Volcker as 
chairman of the Federal Reserve Board. Roosa is a partner of Brown Bros. 
Harriman, director of Texaco, American Express, Owen Corning Fiberglass, 
director National Bureau of Economic Research, trustee Sloan Kettering 
Institute, and chairman of Brookings Institution. 

Brookings Institution was incorporated in 1 927 by Frederic A. Delano, 
2244 S. St NW Washington D.C.; Harold G. Moulton, 3700 Oliver St. NW, 
Washington, a Univ. of Chicago economist; and Leo S. Rowe, who had been 
asst. Secretary Treasury 1917-19, working closely with Eugene Meyer and the 
War Finance Corp. chief of Latin American div. Dept. of State 1919-20, 
director Pan American Union 1920-36. 



The Brookings Institution was founded by Robert S. Brookings born 
1850, unmarried, a St. Louis merchant and head of the Cupples Co. which 
revolutionized the distribution of goods from railway stations. In World War 
I, Brookings was Baruch's assistant at the War Industries Board, which had 
dictatorial powers over American industrialists, and Chairman of the Price 
Fixing Committee of WIB. An original trustee of Carnegie Endowment for 
International Peace, Brookings set up the Brookings Garduate School of 
Economics, which merged with the Institute of Government Research and 
the Institute of Economics in 1927 to form the present Brookings Institution. 
It is listed as "not a membership organization", whose goal is "to set national 
priorities", in short, to make government policy, which it does. It rode into 
power with Roosevelt's New Deal, hardly a surprising development, since its 
incorporator, Frederic A. Delano, was FDR's uncle. The present chairman, 
Robert V. Roosa, was preceded in that office by C. Douglas Dillon. It has 
always been the forum of the world's most powerful financiers. 

In 1984, Brookings Institution originated a new program for the 
government, written by a team of 10 economists headed by Alice Rivlin, 
former director Congressional Budget Office. Rivlin proposed that the 
income tax be replaced or augmented by a consumption tax laid upon all 
consumption, bequests and gifts. In short, the traditionally leftwing 
Brookings Institution hopes to enact into law the illegal IRS technique of 
"composite net worth", laying an income tax on citizens by estimating what 
they spend or consume, a "cash flow" tax as inescapable as the Rockefeller- 
Ruml withholding tax. Their only goal is to grind the working man into 
hopeless poverty through ruthless extortion by government agents. 

In 1978, corporations gave Brookings $95,000; in 1984, this figure had 
jumped to $1.6 million. Most of their $13 million budget continues to be paid 
by the major foundations, Ford, Rockefeller, Carnegie, Milbank Memorial 
Fund. The foundations work together, not only because of their close 



interlocking, but because they have a common program. That program was 
published by Karl Marx in 1848 as "The Communist Manifesto": 

• Abolition of all property in land. 

• Application of all rents of land to public purposes. 

• A heavy progressive or graduated income tax. 

• Abolition of all right of inheritance. 

• Confiscation of property of emigrants and rebels. 

• Centralization of credit in the hands of the state, by means of a national 
bank, with state capital an exclusive monopoly. 

• Extension of factories and instruments of production owned by the 
state, bringing into cultivation of waste lands,and improvement of the 
soil generally in accordance with a common plan. 

• Equal obligation of all to work. 

• Establishment of industrial armies, especially for agriculture. 

• Combination of agriculture with manufacturing industries. 

• Gradual abolition of distinction between town and country, by more 
equitable distribution of population over the country. 

• Free education for all children in public schools. 

• Combination of education with industrial production. 

• Abolition of child labour in its present form. 

The foundations never oppose or contradict a single plank of the 
Communist Manifesto. The program has given us "vocational training" instead 
of education, which is a different form of child labour. 

Present directors of Brookings include Louis W. Cabot, of Cabot 
Corp., director of Federal Reserve Bank of Boston, R.R. Donnelley, Owen 
Corning Fiberglass, chmn of board of Harvard Overseers, and Nad 
Committee for U.S. China Trade. He served with OPA and WPB during 
World War II, later with ECA and UN Council FAO; Barton M. Biggs, with 
E.F. Hutton, Morgan Stanley, Rand McNally, now director of Lehrman 



Institute; Edward W. Carter, chairman Carter Hawley Hale Stores, trustee of 
the billion dollar James Irvine Foundation in California, Harvard Board of 
Overseers, Woodrow Wilson Institute, AT$T, Delmonte, Lockheed, Southern 
Cal Edison, Pacific Mutual Life Ins.; Frank T. Cary, chairman IBM, director 
J. P. Morgan, ABC, Morgan Guaranty Trust, Merck, Texaco, Rockefeller Univ. 
Museum of Modern Art; William T. Coleman Jr, former Sec. transportation; 
John B Debutts former chairman ATT; Roger W. Heyns, director Kaiser 
Steel, Levi Strauss, Times Mirror Corp., Norton Simon Museum, James Irvine 
Fndtn; Carla A. Hills, former Sec. HUD - her husband is chairman SEC, she 
is on board of IBM, American Airlines, Trilateral Commission, Woodrow 
Wilson School, Stanford, & Norton Simon Museum; Lane Kirkland, head of 
the CIO; Bruce K. McLaury, president of Brookings, was with Federal 
Reserve Bank of N.Y. 1958-69, dep. und. sec. Treasury for monetary affairs 
1969-71, president Federal Reserve Bank of Minnesota 1971-77, member 
Trilateral Commission; Robert S. McNamara, former Secretary of Defense, 
president of the World Bank; Arjay Miller, also was with Ford Motor, director 
Washington Post, TWA, Andrew Mellon Foundation; Donald S. Perkins; 
Eugene R. Black, former president World Bank; Win Mc. Martin Jr. former 
chairman Federal Reserve Board of Governors; Robert Brookings Smith; 
Sidney Stein Jr., Chicago banker, Federal Bureau of Budget 1941-45, 
Presidential Consultant on Budget 1961-67, committee on Foreign Aid; 
Robert D. Calkins, Stanford Food Research Institute 1925-32. General 
Education Board 1997-52, president Brookings 1952-67, was with the NRA 
and agricultural administration 1933-35, director Federal Reserve Bank of 
N.Y. 1943-49, War Labor Board, 1942-45, OPA and War Dept. 1942; Warren 
M. Shapleigh, pres. Ralston Purina, director J.P. Morgan, Morgan Guaranty 
Trust, Brown Group First Nad Bank St. Louis; James D. Robinson III, 
chairman AMAX, Bristol Myers, Coca Cola, Union Pacific, Trust Co. of Ga., 
was asst to pres. Morgan Guaranty Trust 1961-68, trustee Rockefeller Univ. 



The heavy representation of Morgan and Rockefeller directors on the 
board of Brookings explains the relentless drive of the "big rich" to increase 
taxes and government control of the average American citizen. The Business 
section of the New York Times April 15, 1984, long in advance of the 
election, carried a headline story on the Business page that "Whoever Wins in 
November, There Will Still be a $100 Billion Increase for U.S. Taxpayers." 

Another major U.S. foundation, the Russell Sage Foundation, was 
incorporated in 1907 by Daniel Coit Oilman and Cleveland H. Dodge. A 
director of National City Bank, Dodge masterminded the Presidential 
campaign of Woodrow Wilson, after subsidizing his academic career at 
Princeton with $5000 a year from himself and Moses Pyne, grandson of the 
founder of National City Bank. 

In 1980, the Russell Sage Foundation had assets of $52 million, and 
expenditures of $2 million. Sage was a Wall Street speculator who made a 
fortune in railroad stocks. Nicolson's biography of Dwight Morror notes that 
"It has always been a tradition that the partners of J.P. Morgan should engage 
in all forms of public and charitable activity. Morrow was a trustee of Russell 
Sage Foundation, director Natl Bureau of Economic Research, N.Y. 
Commission of Re- Employment, and Carnegie Endowment for International 
Peace. He was a director of General Electric and Bankers Trust." 

The present chairman of Russell Sage Foundation is Herma Hill Kaye, 
leading Women's Rights organizer, trustee of the Rosenberg Foundation; 
president is Marshall A. Robinson, also is director of Ford Foundation and 
director of Herbert Hoover's Belgian American Educational Foundation; 
directors of Russell Sage are Robert McCormick Adams - he was recently 
named to replace S. Dillon Ripley as head of the Smithsonian (Ripley was an 
OSS agent 1942-45, Guggenheim fellow, Fulbright fellow, Natl Science Fndtn 
fellow); Adams' wife Ruth was principal organizer of Eaton's Pugwash 
Conferences which were run by the KGB. Adams is moving into a new 
$485,000 mansion voted him by the Smithsonian board - the "new class" likes 



to live well; William D. Carey, chairman US-USSR Trade & Economic 
Council, received a Rockefeller public service award 1 964; Earl F. Cheit, dean 
of School of Business Administration, U.C. at Berkeley - Cheit is also director 
of Mitre corp., program officer Ford Foundation and council of Carnegie 
Institution; Carl Kaysen, economist with Natl Bureau of Economic Research, 
was with OSS 1942, prof. Harvard 1946-66, Institute for Advanced Study 
1966-70, lecturer London School of Economics, spl. asst to President 
Kennedy for national security, Carnegie Commission, Paley lecturer Hebrew 
University, and director of Polaroid (financed by James Paul Warburg), trustee 
German Marshall Fund, Fulbright scholar London School of Economics, 
Guggenheim fellow, Ford Foundation fellow; Frederick Mosteller, spec, 
economist War Dept. 1942-43, Guggenheim fellow, Myrdal Prize; John S. 
Reed, chairman Santa Fe Industries, Kraft, Northern Trust, Dart & Kraft, 
Atchison Topeka Santa Fe RR; Oscar M. Ruebhausen, atty Lend Lease 
Administration 1942-44, gen. counsel OSRD Washington 1944-46, partner of 
law firm of Debevoise Plimpton since 1937, director Equitable Life, 
International Development Bank, chmn UN Day NY, Hudson Institute. 

The directors of the major foundations have been particularly active in 
wartime positions, even though they seem to have little experience in 
charitable endeavours. Beardsley Rural was a trustee of Russell Sage 
Foundation from 1928-33. For many years the most prominent figure on 
Sage's board was Frederic A. Delano, who was horn in Hong Kong, where his 
father, Captain Warren Delano, was engaged in the opium trade. An uncle of 
Franklin D. Roosevelt, Delano was an original member of the Federal Reserve 
Board of Governors in 1914, and was later named by his nephew as Governor 
of the Federal Reserve Bank of Richmond. He was an original incorporator 
of Brookings Institution, Carnegie Institution, and Carnegie Endowment for 
International Peace, director of the Smithsonian Museum, Commission for 
Relief in Belgium, and Belgian American Educational Foundation set up by 
Herbert Hoover in World War I, chmn Natl Planning Board 1934-43. His 



wife's sister married Ed Burling, who founded the Washington law firm of 
Covington Rc Burling, whose partners later included Dean Acheson and 
Donald Hiss, brother of Alger. Frederic A. Delano married Mathilda Peasley 
of Chicago; Edward Burling married her sister Louise. They were the 
daughters of a railroad tycoon, James C. Peasley of the Burlington Railroad, 
also president of the National State Bank. Judge J. Harry Covington and 
Edward Burling founded the law firm of Covington and Burling in 
Washington in 1919. Covington, a Maryland congressman, had been 
appointed Chief Justice of the Supreme Court of Washington, D.C., by 
Woodrow Wilson as a reward for voting for the passage of the Federal 
Reserve Act. In 1918, Wilson appointed Covington as United States Railroad 
Commissioner. Covington was a director of Kennecott Copper and Union 
Trust. Wilson had also appointed Edward Burling chief counsel of the U.S. 
Shipping Board. He served in this post from 1917-1919, working closely with 
Herbert Hoover and Prentiss Gray, later of J. Henry Schroder Co. Delano's 
sister was Mrs. Price Collier of Tuxedo Park, N.Y.; his son-in-law was James 
L. Hough taling, who was special attache at the American Embassy in 
Petrograd during the Bolshevik Revolution in 1917 (he later wrote Diary of 
the Russian Revolution) Federal Emergency Administration 1933, 
Commissioner of Naturalization and Immigration 1937-90, War Finance, 
Dept of the Treasury 1944-46; chairman Fair Employment Board Civil 
Service Commission 1949-52 - his mother was a Peabody of Boston. 

The first board of directors of Russell Sage Foundation consisted of 
Daniel Coit Oilman, Helen Gould, Margaret Sage and Dwight Morrow. 

Although the name of Andrew Carnegie looms large on the roster of 
American foundations, for many years the five Carnegie foundations have 
been mere appendages of the Rockefeller Foundation. Carnegie sold his steel 
interests to J.P. Morgan and the Rothschilds for El billion, but was not 
permitted to walk away with the money; like Cecil Rhodes, Rockefeller, and 
others, he was directed to put it into foundations which would carry out the 



program of the World Order. The Carnegie Institution of Washington was 
incorporated in 1909 by Daniel Coit Oilman, Cleveland H. Dodge, Frederic 
A. Delano, Andrew Dickson White, and Elihu Root, Darius Ogden Mills and 
William E. Morrow. Note that the original incorporators include two of the 
three incorporators of the Russell Trust, Gilman and White. In 1921, the 
Carnegie Endowment for International Peace was incorporated by Frederic A. 
Delano, Robert S. Brookings, Elihu Root, who became its first president, 
John W. Davis, Dwight Morrow, James T. Shotwell. Thus we see that the 
major foundations were all organized by the same small group of people, 
bankers and lawyers who function as front men for the World Order. 

James T. Shotwell ably represented the goals of the World Order for 
more than sixty years. Born in Canada in 1874, he joined the staff of 
Columbia University in 1900 as a prof, of history. In 1916 he was invited by 
Col. House to set up a study group, the Inquiry, with Walter Lippmnann, to 
"study postwar political economic historical and legal developments," 
although we were not even in the war! This was the core of the American 
Commission to Negotiate Peace at Versailles which wrote the Peace Treaty. 
In 1917, Shotwell became personal adviser to President Woodrow Wilson. 
He was appointed official historian of the ACNP, and actually wrote the social 
security clauses of the Versailles Treaty. He wrote a 150- volume history of 
World War I, published by Columbia. He had become a close friend of 
Herbert Hoover during the war, and advised him on setting up the Hoover 
Institution. Shotwell organized the International Labor Conference, and 
joined the Carnegie Endowment in 1924. In 1941, Shotwell led a Committee 
which demanded the release of Communist Party leader Earl Browder. He 
joined the State Dept. in 1940, serving until 1944. When Franklin D. 
Roosevelt asked him to join the State Dept. team of Alger Hiss, Henry 
Wallace and Sumner Welles to organize the United Nations, Shotwell was 
already Chairman of the Commission to Study the Organization of the Peace, 
which he had set up in 1939, before the war started, just as he had done in 



1916 ! Shotwell was Honorary Chairman of the San Francisco Conference to 
Organize the United Nations with Alger Hiss. When Hiss was arrested, 
Shotwell succeeded him as President of the Carnegie Endowment for 
International Peace. 

The trustees of CEIP in 1948 lists the ruling clique of America; John 
W. Davis, Frederic A. Delano, John Foster Dulles, Dwight David 
Eisenhower, Douglas S. Freeman, Francis P. Gaines (president of Washington 
& Lee University), Alger Hiss, Philip C. Jessup. David Rockefeller, and Eliot 
Wadsworth. A key member, Philip C. Jessup had such a long record of 
association with Communist front groups that not a single Senator dared to 
vote for his confirmation as U.S. Representative to the UN in Oct. 1951. 
President Truman stubbornly refused to withdraw his name, but sent him as 
an "alternate" delegate. Jessup had been assistant to Elihu Root at the Hague 
Court; he was Herbert Lehman's Asst. Sec. General of UNRRA, whose 
deputy, Laurence Duggan later fell out of the window. Jessup had 
represented the U.S. at the Bretton Woods Conference, and was Alger Hiss' 
assistant in Charge of Judicial Organization at the UN San Francisco 
Conference. Jessup was Chairman of the Pacific Council of the Institute of 
Pacific Relations, a hotbed of Communist intrigue and espionage. IPR had 
financed the Soviet spy, Richard Sorge, when he set up his network in Japan. 
Laurence Rockefeller served as secretary at the IPR meetings. The McCarran 
Committee reported, "The IPR has been considered by the American 
Communist Party and by Soviet officials as an instrument of Communist 
policy, propaganda, and military intelligence." In June, 1945, the FBI raided 
the offices of IPR's Amerasia Magazine, confiscated 1800 stolen confidential 
government documents, and arrested several Communist spies. The 
following year, the Rockefeller Foundation gave IPR $233,000. Jessup was a 
member of the wealthy Stotesbury family, partners of J.P. Morgan. His 
brother John Jessup was a wealthy banker, president Equitable Trust Co., 
director of Coca Cola and Diamond State Telephone Co. 



CEIP has offices in Washington, and in New York at 30 Rockefeller 
Plaza. It has a $46 million endowment, and annual expenses of $3 million. Its 
president is Thomas L. Hughes, who presided over the OSS Group at the 
Dept. of State after it had been disbanded by President Truman; a Rhodes 
Scholar, he was legislative counsel for Hubert Humphrey 1955-58, adm. asst 
Chester Bowles, 1959-60, spl. asst to Secretary of State for Intelligence 1961- 
69, spec, ambassador, chief of mission, rank of ambassador London 1969-70; 
he had previously served as judge advocate general USAF 1952-54. Hughes is 
director of German Marshall Fund, USAF Academy, Ditchley Foundation, 
School of Foreign Service, Georgetown, Woodrow Wilson School, Princeton, 
Social Sciences Foundation, Hubert Humphrey Institute Public Affairs; 
directors of CEIP are Larry Fabian, who directed Bureau of Intelligence State 
Dept. 1962, resident fellow Brookings Instn 1965-71; Fabian is also director 
Middle East Institute, Hudson Institute, Institute of Strategic Studies, and 
Rockefeller Foundation; John Chancellor, vice chmn NBC News, Moscow 
Correspondent 1960, Voice of America 1966-67; Harding F. Bancroft, a New 
York attorney who joined OYA 1941, Lend Lease Administration 1943, 
served as director UN Affairs Dept. of State 1945-53, is exec, vice president 
New York Times from 1953 to present; Thomas W. Braden, nationally 
syndicated columnist, whose wife Joan has been having an affair with Robert 
McNamara for three years (the World Order permits a certain degree of 
intimacy) - a longtime Rockefeller associate who was given one of the well- 
publicized Nelson Rockefeller "loans", Braden is executive secretary Museum 
of Modern Art, served with the King's Royal Rifles of Britian 1941-44; 
Kingman Brewster, Wall Street lawyer with Winthrop Putnam Simpson & 
Roberts, was president of Yale 1961-67, Ambassador to England 1977-81, 
chmn English Speaking Union, National Endowment for Humanities, Kaiser 
Foundation; Anthony JA. Bryan, born in Mexico, naturalized 1947, now 
president of Gopperweld, a firm owned by Rothschilds Imetal Corp., and 
Federal Express, another Rothschild firm - Bryan served with RCAF 1914-5; 



Richard A. Debs, Fulbright scholar, lawyer for Federal Reserve Bank of N.Y. 
1960 to present, president Morgan Stanley 1976, FOMC 1973-76, chairman of 
Carnegie Hall; Hedley Donovan, Rhodes Scholar, director of Ford 
Foundation, Trilateral Commission, senior advisor to President of the U.S. 
1979-80, director Washington Post, Fortune, Time; C. Clyde Ferguson, dean 
of law school al Harvard, legal adviser NAACP 1962 to present, personal 
adviser Gov. Rockefeller, 1959-64, Ambassador to Uganda 1970-72; Lane 
Kirkland, president of CIO, also on board of Brookings, Rockefeller 
Foundation CFR; George Cabot Lodge, son of Henry Cabot Lodge; Barbara 
Warne Newell, president of Wellesley College, ambassador to UNESCO Paris 
1979-81-her father was Colston Warne, founder of the consumer movement 
in the U.S., organized Consumers Union 1936 on clearly defined Marxist goals 
(the elimination of private brands replaced by "cooperative" brands, 
supported by radical journalists, trade unionists and academicians); 
Consumers Union was organized by Warne, Arthur Kallet, Dewey Palmer, 
Frank Palmer, an organizer with the IWW, James Gilman, Julius Hochman, 
Adelaide Schulkind. Warne wrote his thesis about the "cooperative" 
movement for Paul Douglas at the University of Chicago. After Consumers 
Union employees threatend to go on strike "they reluctandy decided to pay 
salaries 'competitive with capitalist organizations"; Colston Warne was with 
the Federal Reserve Bank of N.Y. 1920-21, economist OPA 1944-96, Council 
of Economic Advisers to the President 1947-51, ACLU, Peoples Lobby; 
Wesley Posvar, who recently figured in investigation of Air Force grants to his 
school; he was with Strategic Planning Group USAF Headquarters, 1954-57, 
is a director of Rand Corp.; Norman Ramsey, physicist, studied at Harvard 
and Oxford, MIT, was with MIT Radiation Laboratory & Los Alamos 
laboratory 1942-45 in development of atomic bomb, trustee Brookhaven Lab, 
physics dept. Harvard, Rockefeller U. NATO; Benno C. Schmidt, managing 
partner J.H. Whitney Co.; Jean Kennedy Smith; Donald B. Straus, president 
American Arbitration Assn., Planned Parenthood, Institute of Advanced 



Study; Leonard Woodcock, UAW, life member NAACP; Charles J. Zwick, 
director Bureau of Budget 1965-69, director Johns Manville, Southern Bell 
Telephone, Rand Corp. 

The Carnegie Corp. of New York has assets of $346 million, 
expenditures $13 million in 1980. Chairman is Alan Pifer, educated at 
Groton, Harvard and Cambridge England. He has been a director of 
American Ditchley Foundation since 1975, and is on the board of overseers 
of Harvard, chairman Presidential Task Force on Education, Presidential 
Committee of White House Fellowships, African American Institute, director 
Federal Reserve Bank of N.Y.- he was secretary U.S. Educational Com. in 
London 1998-53, director McGraw Hill; exec, vice pres of Carnegie is David 
Zav Robinson, served with Office of Naval Research London 1959-60, prof, 
of physics Princeton 1970-76, atomic research. 

The Carnegie Corporation was incorporated in 1911 by Andrew 
Carnegie and Elihu Root, who had been Secretary of War under McKinley 
and Secretary of Interior under Theodore Roosevelt, lawyer for J. P. Morgan, 
who took charge of the Carnegie fortune for the program of the World Order. 

Directors of Carnegie Corp. include Richard H. Sullivan, asst. dean 
Harvard 1991-42, president Reed College 1956-57, director John & Mary 
Markle Foundation; John C. Taylor III, chmn Paul Weiss Rifkind; Jack G. 
Clarke, atty with Sullivan & Cromwell, counsel Standard Oil of New Jersey, 
Middle East representative SO, sr. vice pres EXXON since 1975, American 
Ditchley Fndtn., Aspen Institute; Thomas R. Donahue, sec. treas. AFL-CIO, 
Natl Urban League; David A. Hamburg, psychologist U.S. Army med. serv. 
since 1950, Nad Institute of Mental Health, head dept. psychiatry Stanford 
Univ 1961-72, Harvard study on aggression; Helene L. Kaplan, lawyer with 
Webster & Sheffield, director Brandeis, Barnard College, Mitre Corp., John F. 
Guggenheim Fndtn, American Arbitration Assn - her husband Mark Kaplan, 
president Drexel Burnham & Lambert, controlled by the Belgian Rothschilds, 
president Engelhard Chemical, now attorney Skadden Arps Slate Meagher & 



Flom, director Philbro, Elgin, Grey Advertising, DFS Group Ltd. adv com. 
Center for Natl Policy Review, Unimax Corp., Marcade Group, Hong Kong; 
Carl F. Mueller, Bankers Trust, Carl Loeb Rhoades, Cabot Corp., Macmillan, 
John S. Guggenheim Fndtn; John C. Whitehead, banker with Goldman Sachs 
since 1 947, director Pillsbury, Crompton, Household Finance, Equitable Life, 
Loctite Corp., Dillard Dept. Stores, is on board Georgetown Center for 
Strategic Studies, and Republican Natl Finance Committee. 

As president of the Carnegie Corp. Alan Pifer interlocks with many 
leading banking institutions, according to a special chart devoted to him in 
"Federal Reserve Directors: A Study of Corporate Influence", an August 1976 
staff report of the House Banking & Currency Committee, which shows he 
interlocks with Rockefeller Center, J. Henry Schroder Banking Corp., J. Henry 
Schroder Trust Co., J.P. Morgan Co., Equitable Life, Federal Reserve Bank of 
Boston and the Cabot Corp. 

The Carnegie foundations also interlock with the John and Mary 
Markle Foundation, established 1927 with $50 million. It dispenses largesse 
to journalists who espouse the goals of the World Order. Markle was the 
biggest coal operator in the U.S., partners with the Roosevelt and Delano 
family in Kentania Coal Corp., which obtained millions of acres for a few 
cents an acre from impoverished residents of Kentucky and Tennessee, and 
hauled billions of dollars of coal from their holdings. In 1933, Roosevelt 
called on Markle to help settle the coal strike. The first president of Markle 
Foundation was Frank C. Vanderlip, member of the Jekyll Island team which 
wrote the Federal Reserve Act in 1910. Lloyd N. Morrissette is now 
president; he has been vice pres. Carnegie Corp. since 1967, formerly 
chairman the Rand Corp., director American Council on Germany; directors 
are Daniel Pomeroy Davison, son of F. Trubee Davison and Dorothy 
Peabody-he is president of U.S. Trust, director J.P. Morgan, Morgan 
Guaranty Trust, and Scovill; Joel L. Fleishman who is also director of 
Fleishman Foundation, Ford Foundation, and Alfred P. Sloan Foundation; 



Barbara Hauptfuhrer, wife of Robert P. (Schoenhut) Hauptfuhrer, he is vice 
pres. of Sun Oil; F. Warren Helfman, has been with Lehman Bros, since 
1959, president of Peabody International Co.; Maximilian Kempner, lawyer, 
born in Berlin, member of the historic von Mendelsohn banking family, is 
director American Council on Germany; Gertrude Michelson, vice pres of 
Macy's since 1947, director Chubb, Quaker Oats, Harper & Row, Federal 
Reserve Bank of N.Y., and Spelman College; Richard M. Stewart, president 
of Anaconda. 

The Carnegie and Markle Foundations also interlock with the American 
Council on Germany, founded in 1952, which exercises control over the 
"free" nation of West Germany. Its director is David Klein, who has been in 
the U.S. Foreign Service since 1947, Russian Specialist at State Dept. since 
1950, served in Moscow 1952-54, political officer in Bonn 1957-60, U.S. 
Minister to Berlin 1971-79. Together with the German Marshall Fund, it 
maintains tight control over German government, academic life, and 
communications in this militarily occupied country. The $21 million German 
Marshall Fund, a branch of the CIA, is headquartered in Washington and 
spends $5 million a year supervising German affairs. Its president is Frank 
Loy, born in Nuremberg. His father's name was Loewi, which he anglicized 
to the present spelling. (Loy) came to the U.S. in 1939, studied at Harvard, 
joined the influential West Coast law firm of O'Melveny & Myers 1954-65, 
political director and spec, economist AID 1965-70, pres. Pennsylvania Co. 
1978-79, vice pres. Pan Am Airways 1970-73, director Arvida Corp. 
(subsidiary Penn Central), Buckeye Pipeline Co., and Edgewater Oil Co. 
Chairman of the trustees of German Marshall Fund is Eugene B. Skolnikoff, 
Rhodes Scholar, director CEIP, Ford Foundation, Rockefeller Foundation 
1963-65, chairman Center for International Studies, spec, asst to President of 
U.S. 1958-63 and 1977-81, president of Federation of Jewish Agencies, 
Hebrew Union College; Irving Bluestone; Harvey Brooks, prof, physics 
Harvard since 1950, director Raytheon; Marion Edleman, head of legal div. 



NAACP, adv. council Martin Luther King Fndtn, Eleanor Roosevelt Institute, 
Yale Univ. Corp., received Whitney Young award. Her husband Peter 
Edleman was law clerk for Supreme Court Justice Arthur Goldberg, Judge 
Henry Friendly, spec, legal asst. Robert F. Kennedy 1964-68, would have been 
named Atty. Gen. in an RFK administration, is director of RFK Memorial, 
directed Edward Kennedy's presidential campaign, was Ford Foundation 
fellow; Robert Ellsworth, partner Lazard Freres, asst. to President of the U.S. 
1969, Ambassador to NATO, 1969-70, deputy Sec. Defense 1976-77, Institute 
of Strategic Studies, Atlantic Institute, Atlantic Council; Guido Goldman; 
Carl Kaplan; John E. Kilgore Jr. banker with J. H. Whitney Co., Paine Webber, 
now chmn Cambridge Royalty Co. of Houston (whose directors are Frederic 
A. Bush, H. Haslam, Francis J. Rheinhardt Jr.). Other directors of German 
Marshall Fund are Joyce Dannen Miller, dir. Amalgamated Clothing Workers 
Union since 1962, Planned Parenthood, ACLU, A. Philip Randolph Institute, 
Sidney Hillman Foundation, AFL-CIO, NAACP, Jewish Labor Committee, 
American Jewish Committee; Steven Muller, born in Hamburg, naturalized 
1949, Rhodes Scholar, pres Johns Hopkins Univ., Center for International 
Studies, CSX Corp., vice chairman Federal Reserve Bank of Richmond; John 
L. Siegenthaler, publisher Nashville Tennessean; Richard C. Steadman, 
partner J. H. Whitney Co., intelligence analyst U.S. Govt. 1957-59, American 
Ditchley Foundation, Russell C. Train, judge U.S. Tax Court 1957-65, chief 
counsel House Ways & Means Committee 1953-54, EPA 1973-77, president 
World Wildlife Fund, director Union Carbide, Trilateral Commission, U.S. 
Commission for UNESCO. 

These German associated groups had their origin in the Morgenthau 
Plan, which resolved to lay Germany waste after World War II. They 
maintain ironclad censorship in Germany, continue to split Germany into two 
nations, in order to protect the borders of the Soviet Union (a primary 
concern), with ruthless economic exploitation of the German people at the 



hands of the World Order, and extort huge reparations payments from the 
German workers, who have already paid more than $30 billion. 

The most tragic victims of the World Order's network of foundations 
and universities are the nation's youth. Filled with hope and ambition, they 
attend colleges to prepare for careers, where their chief advisers are the 
foundation eunuchs. They are carefully scrutinized to see if they can be useful 
to the World Order, in which case they may be given grants or fellowships, 
but the cruel fact is that unless they are fortunate enough to be born into a 
family connection with members of the World Order, or become protege of a 
eunuch, most doors will forever remain closed to them. Despite their talents 
or ability, they will be relegated to joining the hewers of wood and the drawers 
of water for the rest of their lives. At no time during their education will they 
be apprised of the fact that they are the victims of a cruel hoax, that success in 
business, drama, art or literature will be denied them because they do not have 
the required connection with the World Order. The art scene is dominated by 
the New York art dealers, who in turn are dominated by the Museum of 
Modern Art, founded and controlled by the Rockefeller family. The founders 
were Nelson Rockefeller, Abby Aldrich Rockefeller (wife of John D. Jr.), 
Blanchette Hooker, wife of John D. 3rd, and Lizzie Bliss. Such is their power 
that they can declare empty beer cans or piles of rope or rocks to be Great 
Art, worth many thousands of dollars. They achieve a dual purpose of 
destroying the creative life of the people while promoting the work of their 
favorite propagandists. The new treasurer of the Smithsonian Museum, Ann 
Leven, was formerly treasurer of Museum of Modern Art, also senior vice 
president of corporate planning at Chase Manhattan Bank. 

Nov. 1955 Fortune featured an article by William H. Whyte, "Where 
the Foundations Fall Down", which pointed out that the foundations only 
grant funds to "big team" projects in institutions which are under their 
control. Whyte says 76% of all foundation grants are made to these "team" 
projects, citing huge sums given to the Russian Research Center at Harvard by 



Carnegie, and Ford grants to the Center for Advanced Study in Behavioral 
Science at Stanford. Foundation grants are rarely given to individuals, and 
most can be traced to some underlying propaganda drive, such as the 
$200,000 which the Rockefeller Foundation gave to establish the National 
Bureau of Economic Research, whose "studies" effectively dominate the 
world of American business today. 

The involvement of the major foundations in military and espionage 
work is shown by the makeup of two powerful "think tanks", the Rand corp. 
and the Mitre Corp. Chairman of the $180 million Mitre corp. is Robert 
Charpie, president of Cabot Corp., director First Nad of Boston, Champion 
and Honeywell. President of Mitre is Robert Everett, who serves on the 
USAF Science Advisory Board, and Northern Energy Corp.; directors are 
William T. Golden of Altschul's firm, General American Investors, Block 
Drug, Verde Exploration Ltd.; he is also secretary of the Carnegie Instn. 
Washington; William J. McCune Jr. chairman of Polaroid; Teddy F. 
Walkowicz, chairman Nad Aviation & Technology Corp.; and Robert C. 
Sprague, vice pres. of his family firm, Sprague Electric, which interlocks with 
the defense firm GK Technologies, of which former President Ford is 
director. 

The chairman of Rand Corp. ($50 million research budget annually) is 
Donald Rumsfeld, President Nixon's righthand man in Washington for many 
years; president is Donald B. Rice, Jr., served in office of Secretary of 
Defense 1967-70, OMB 1969-72, director of Wells Fargo; directors are 
Harold Brown, former Secretary of Defense, director AMAX, CBS, IBM, 
Uniroyal, and Trilateral Commission; Frank Carlucci, a State Dept. official 
since 1950, has served in Office of Economic Opportunity 1969-71, OMB 
1971-72, under Sec. HEW 1974-75, Ambassador to Portugal 1975-78, dep. dir 
CIA 1978-81, dep. Secretary Defense 1981-84, now chairman Sears World 
Trade Corp.; Carla Hills, former Secretary HUD; Walter J. Humann, exec, 
vice pres. Hunt Oil Co. since 1976, president Hunt Investment Corp., 



president White House Fellows Institute; Walter E. Massey, physicist, spec, in 
atomic weaponry, Argonne Natl Lab, Natl Science Fndtn, Nad Urban 
League; Newton Minow, Adlai Stevenson's law partner, chmn FCC 1961-63, 
director Mayo Fndtn, Wm. Benton Fndtn, chairman of board Jewish 
Theological Seminary, received George F. Peabody award; Paul G. Rogers, 
Congressman from Florida, now partner the influential Washington law firm 
Hogan & Hartson; Dennis Stanfill, Rhodes Scholar, chairman 20th century 
fund, was with Lehman Bros., now treasurer Times Mirror Corp. Los Angeles, 
served as political officer Chief of Naval Opus 1956-59; Solomon J. 
Buchsbaum, physicist who came to U.S. 1953, naturalized 1957, pres. Science 
Advisory Committee, Bell Labs, chmn Energy Research Board naval research 
MIT, Argonne Lab, IBM fellow; William T. Coleman Jr.; Edwin E. 
Huddleson Jr. law clerk to judge Hand, Justice Frank Murphy, and the State 
Dept.; general counsel Atomic Energy Commission, president Harvard Law 
Review; Charles F. Knight, chairman Emerson Electric, defense contractor 
controlled by the Symington family, director Standard Oil of Ohio, 
McDonnell Douglas; Mchael E. May, born in France, physicist at Livermore 
Nuclear Lab, National Security Council 1974; Lloyd B. Dforrissette, now 
president Markle Fndtn, vice pres. Carnegie Corp., director American Council 
on Germany; Don W. Seldin, who was chief of medical services at Parkland 
Hospital Dallas when the body of Kennedy was brought in; and George W. 
Weyerhauser, director SoCal, Boeing, Federal Reserve Bank of San Francisco, 
member of the lumber family. 

Because of growing Congressional outcry against the vast expenditures 
of the major foundations on behalf of Communist revolutionary causes, the 
World Order decided to give the American people some "anti-Communist" 
foundations, based in the Hoover Institution on War, Peace and Revolution. 
The Hoover group is generally thought to be conservative, but on examining 
their personnel and directors, we find the same old international crowd of 
Bolsheviks and financiers. 



The Hoover Institution was founded at Stanford University, Palo Alto, 
Calif, in 1919 with a donation of $50,000 from Herbert Hoover. He had been 
a member of the first graduating class at Stanford, founded with a bequest 
from Leland Stanford, the Southern Pacific railroad tycoon. His only son, 
Leland Stanford Jr. died in a hotel room in Florence, Italy at the age of 
fifteen. His grieving mother became the prey of a number of spiritualists, one 
of whom persuaded her to start a spiritualist university, founded on such 
mystical Eastern teachings, as "The balance between night and day is the 
balance of the world", and "The mainspring of the movement of the world". 
"Life and death is the great secret of immortality." 

Because of the difficulty of organizing these doctrines into a coherent 
academic curriculum, Mrs. Stanford was dissuaded from the idea of a 
"spiritualist" university, and the present Stanford University then came into 
being. Reputedly "conservative", it has in fact been dominated by Harvard 
Liberals for many years. 

Herbert Hoover founded the Hoover Institution at the suggestion of 
three men, Andrew Dickson White, Daniel Coit Oilman, and Ray Lyman 
Wilbur, president of Stanford. Newsweek June 7, 1959 noted that Hoover 
said, "In 1915 while head of the Committee on Relief in Belgium, I happened 
to read some remarks by President Andrew White of Cornell made at a 
conference on the disappearance of contemporaneous documents and fugitive 
literature." Hoover says he resolved to institute a search of Europe after the 
war to obtain documents and preserve them in an academic setting. Gilman 
and Wilbur aided him in planning this program. Both White and Gilman were 
original incorporators of the Russell Trust, which has dominated American 
education for a century. Wilbur requested that Hoover install this collection 
at Stanford. Wilbur served as director of the Rockefeller Foundation 1 923-40, 
and General Education Board, 1930-40. His nephew and successor as 
president at Stanford, Richard Lyman, is now president of the Rockefeller 
Foundation. Wilbur also served as Secretary of the Interior in Hoover's 



Cabinet 1929-33. During this period, he signed the contracts for Hoover 
Dam, having thought up that name. The dam was not completed until after 
FDR took office; he maliciously ordered his Secretary of Interior, Harold 
Ickes, to change the name to Boulder Dam. Hoover points out in his 
Memoirs that "two-thirds of the work had been done during the Hoover 
Administration, all contracts were let as Hoover Dam, as was customary with 
many presidents with works named after them when these works were done 
during their administrations; on May 8, 1933, Secretary Ickes, on orders from 
Roosevelt changed the name to Boulder Dam." Roosevelt dedicated the dam 
Sept. 30, 1 933 without mentioning Hoover or the fact that most of the work 
had been done during the Hoover Administration. On March 10, 1947, the 
House unanimously voted to change the name back to Hoover Dam. Hoover 
wrote to Congressman Jack Z. Anderson, who had sponsored the bill, "When 
a President of the U.S. tears one's name down that is a public defamation and 
an insult. I am grateful to you for removing it." 

Because of the importance of the Hoover Institution in the Reagan 
Administration, it is important to recap the career of the man who founded 
it. As a mining stock promoter in London, Hoover had been barred from 
dealing on the London Stock Exchange, and his associate, who apparently 
took the rap, went to prison for several years. The incident brought Hoover 
to the favorable attention of the Rothschilds, who made him a director of 
their firm, Rio Tinto. Chairman was Lord Milner, who founded the Round 
Tables, which later became the Royal Institute of International Affairs and its 
subsidiary, the Council on Foreign Relations. 

In 1916, the promoters of World War I were dismayed when Germany 
insisted she could not continue in the war, because of shortages of food and 
money. The Czar's physician, Gleb Botkin, revealed in 1931 that the Kaiser's 
chief military adviser, and chief of his armies on the Russian border, Grand 
Duke of Hesse-Darmstadt, risked his life on a secret mission to Russia to 
Czarskoe Selo, the Imperial Palace, where he asked his sister, Empress 



Alexandra, to let him talk to the Czar about making a separate peace with 
Germany. The Empress, fearful of criticism, refused to receive him, and after 
spending the night at the palace, he was escorted back to the German lines. 

To keep Germany in the war, Paul Warburg, head of the Federal 
Reserve System, hastily arranged for credits to be routed to his brother, Max 
Warburg, through Stockholm to M.M. Warburg Co. Hamburg. Food 
presented a more difficult problem. It was finally decided to ship it direcdy to 
Belgium as "relief for the starving Belgians". The supplies could then be 
shipped over Rothschild railway lines into Germany. As director for this 
"relief operation, the Rothschilds chose Herbert Hoover. His partner in the 
Relief Commission was Emilie Francqui, chosen by Baron Lambert, head of 
the Belgian Rothschild family. The plan was so successful that it kept World 
War I going for an additional two years, allowing the U.S. to get into the "war 
to end wars". John Hamill, author of "The Strange Career of Herbert 
Hoover" states that Emile Francqui, director of Societe Generale, a Jesuit 
bank, opened an office in his bank as the National Relief and Food 
Committee, with a letter of authorization from the German Gov. Gen. von 
der Goltz. Francqui then went to London with this letter, accompanied by 
Baron Lambert, head of the Belgian Rothschilds, and Hugh Gibson, secretary 
of the American Legation in Brussels. 

The Report of the National Committee states that "The National 
Committee and its subsidiary organizations were not subject to control of the 
Belgian Public Administration and neither was it accountable to the Public as 
a public authority. The National Committee existed by itself according to the 
will of its founders and those who had given it their support. That is why it 
was sovereign in the decisions it made and excluded all control of its actions 
by the Public." Hamill says, "From its commencement, the Food Division had 
been organized and conducted on a commercial basis. The Commission for 
Relief in Belgium raised its sale prices to the National Committee by an 



amount equivalent to the profit that had formerly been taken by it. Hoover 
referred to this as 'benevolence'." 

Francqui had previously been a partner of Hoover in the Kaipeng coal 
mine swindle in China, which set off the Boxer Rebellion, the Chinese vowing 
to kill all "white devils" in China; and the Congo atrocities, where Francqui 
was remembered by the sobriquet, "the Butcher of the Congo". He was an 
ideal choice to be partner in a benevolent enterprise. 

The National Committee report published in 1919 showed that as of 
Dec. 31, 1918 the Committee had spent $260 million. In 1921, trying to make 
the accounts balance, this figure was revised upward to $442 million showed 
as spent during the same period. However, $182 million was unaccounted 
for. In Dec. 1918, Francqui showed expenditure for relief of $40 million, four 
times as much as for any previous month, although the war was now over. 
On Jan. 13,1932, the New York Times reported widespread attacks on Hoover 
in the Belgian press, "that President Hoover, during his Belgian Relief days, 
had manifestly been party to a scheme to make money out of Belgium." 

Hoover was then appointed U.S. Food Administrator in Washington. 
Although the operation was principally run by Lewis L. Strauss of Kuhn, 
Loeb Co., Hoover still depended heavily on his longtime associate, Edgar 
Rickard. On Nov. 13, 1918, Hoover sent a letter to President Wilson 
requesting authority for Edgar Rickard "to act in my stead" while he was in 
Europe. Wilson signed the letter Nov. 16, 1918, "Whereas by virtue of exec, 
order Nov. 16, 1918, Edgar Rickard now exercises all powers heretofore 
delegated to Herbert Hoover as U.S. Food Administrator." Rickard assumed 
the title of "Acting Food Administrator in Washington" according to a letter 
from Herbert Hoover Jan. 17, 1919, "since my departure to come to 
conference in Paris." 

The U.S. Food Administration was then split into four divisions, Sugar 
Equalization Board, Belgian Relief, U.S. Grain Corp. and U.S. Shipping 
Board. On Dec. 16, 1918, Wilson sent a letter to the State Dept. an executive 



order, "Please pay at once to the U.S. Food Administration Grain Corp. $5 
million from my fund for National Security and Defense." The order was 
referred to the Secretary of Treasury for payment and approved. 

Justice Brandeis biography by Mason notes, "Norman Hapgood wrote 
Brandeis from London Jan. 10, 1917, 'Herbert Hoover is the most interesting 
man I know. You will enjoy his experience in diplomacy, finance etc. in 
England, France, Belgium and Germany !" In early February he talked with 
justice Brandeis, who arranged for him to see Senator McAdoo, Wilson's son- 
in-law, leading to Hoover's appointment as U.S. Food Administrator. 

On Jan. 21, 1919, the New York Times noted the Senate debate in 
which Hoover was assailed for his proposed $100 million request for aid to 
Europe. The plan was criticized by Sen. Penrose and Sen. Gore as one that 
would unload the surplus of American meat packers in Europe. Sen. Penrose 
asked Sen. Martin, the Democratic floor leader if Hoover "is an American 
citizen and has ever voted in an American election ?" Martin retorted, "I do 
not propose to be drawn into such an irrelevantism as that". Penrose then 
declared, "I do not believe he is a citizen of the U.S., who has taken no oath 
of office, and whose allegiance is in doubt." The criticism so piqued Hoover 
that he signed a letter of resignation reciting his "four years of public service 
without remuneration." It was never submitted and turned up many years 
later in the personal papers of his assistant, Lewis L. Strauss. 

The New York Times noted Sept. 4, 1919 that Edgar Rickard had made a 
speech at Stanford Univ. vigorously promoting the League of Nations. 
Hoover and Col. House were also working together to obtain Senate approval 
and public approval for Wilson's League of Nations plan. 

The members of the Commission for Relief in Belgium team have 
subsequently played a very prominent role in the history of the U.S. Hoover 
became Secretary of Commerce and later President of the U.S. A team from 
Hoover Institution moved into Washington in 1980 as the vanguard of a 
"conservative" administration. Prentiss Gray, Hoover's assistant in U.S. Food 



Administration, became president of J.Henry Schroder Banking Corp. in 
1922. Julius H. Barnes, another Hoover associate, became Chairman of J. 
Henry Schroder Bank. Perhaps a surplus of "relief funds" subsequently 
purchased a number of American corporations. Barnes became president of 
Pitney Bowes, Pejepscot Paper, General Bronze, Barnes-Ames Corp., 
Northwest Bancorporation, and Erie & St. Lawrence Corp. Edgar Rickard, 
Hoover's partner since they launched a magazine in 1909 to promote their 
mining stocks, had been honorary secretary of Commission for Relief in 
Belgium; he now became president of Androscoggin Water Power Co., 
president Belgo-American Trading Co; vice pres. Erie & St. Lawrence Corp.; 
president Hazard Wire Rope Co., president Hazeltine Corp.; vice pres. 
Intercontinental Development Corp., president Latour Corp., president 
Pejepscot Paper Co., and vice president Pitney Bowes Co., chairman Wood 
Fibre Board Corp. Robert Grant of the U.S. Food Administration became 
director of the U.S. Mint in Washington. Prentiss Gray became vice pres. 
British American Continental Corp., Electric Shareholdings Corp., 
Hydroelectric Securities Corp., Manati Sugar Corp., St. Regis Paper, Swiss 
American Electric, Prudential Investors, International Holdings and 
Investment Corp., the last two being companies controlled by Societe 
Generale and Francqui. These investment firms were organized by Belgian 
capitalist Capt. Alfred Loewenstein, who mysteriously vanished from his plane 
while flying over the English Channel. 

While his closest advisers pursued their multi-million dollar careers, 
Herbert Hoover remained dedicated to his ideals of public service. He 
became Secretary of Commerce, and chose as his secretary Christian A. 
Herter, who had been his secretary at the Belgian Relief Commission, 1920- 
21, and had also been secretary of the American Commission to Negotiate 
Peace. He was secretary to Hoover 1919-24 at Commerce; he married into 
the Pratt family of Standard Oil, who gave their Manhattan mansion as 
headquarters for the CFR, and he was later appointed Secretary of State. 



Charles Michelson wrote of Hoover's career at the Dept. of 
Commerce, in "The Ghost Talks", 1944, "Officially, Mr. Hoover was ever a 
promoter. When he took over the Dept. of Commerce, it was a reasonably 
modern organization. He took the Bureau of Mines from Interior. He 
dipped into the State Dept. when he realized his idea of commercial agents 
abroad, and left the old commercial attaches of our legations jobless. It was 
not by accident that he builded for his department the hugest and perhaps the 
most lavishly furnished palace that housed a branch of the government." 

One of Hoover's most notable deeds, as Secretary of Commerce, was 
his award of the Hazeltine radio patents to his partner since 1909, Edgar 
Rickard, a gift conservatively estimated to be worth at that time one million 
dollars. When Hoover organized his campaign for the presidency, he gave as 
his personal address Suite 2000, 42 Broadway N.Y. Suite 2000 was also listed 
as the office of Edgar Rickard. It was also the address of Hoover's erstwhile 
accomplice in the U.S. Food Administration, Julius H. Barnes, chairman of 
the Schroder Bank, which was to soon win notoriety as Hider's personal bank. 

Although "Wild Bill" Donovan had served Hoover faithfully for four 
years while he sought the nomination to the Presidency, Hoover did not 
hesitate to cast him aside when he became a political liability because of his 
Catholic religion. The New York Times noted June 17, 1928, "WA. Bechtel 
of San Francisco sent a congratulatory telegram to the nominee, 'In behalf of 
the construction industry we congratulate the Republican Party on its 
selection of a candidate for chief Engineer of the greatest business in the 
world for the next four years, one of our fellow Californians who has shown 
yourself deserving of this great honor." 

Hoover was soon preparing contracts for the largest public work of 
that time, the Hoover Dam, of which Bechtel was to become the chief 
contractor. 

Despite his charitable preoccupations, Hoover still engaged in free 
enterprise. On Dec. 7, 1919, he and his partner Julius H. Barnes had bought 



the Washington Herald; it was later acquired by the Patterson-McCormick 
family, and still later, by Eugene Meyer, who promptly closed it down. Barnes 
also bought the Penobscot Paper Co. for $750,000 in 1919; he happened to 
have some extra cash on hand. The New York Times Jan. 28, 1 920 that Col. 
House was busily developing a boom at Austin, Texas for Hoover as 
President, with the aid of some British friends. The Times further noted Jan. 
28, 1920 that the British Government denied that Lord Grey was taking part 
in the Hoover boom. 

At a dinner at the Hotel Commodore, April 23, 1 920, Julius Barnes and 
Herbert Hoover were the guests of honor. The keynote speaker announced 
that the name of Herbert Hoover was "known throughout the civilized 
world". 

From the time that White, Gilman and Wilbur persuaded Hoover to 
gather documents for the Hoover Library, much support was made available 
from official sources. Even then, no one was sure just how World War I had 
gotten started. It was to someone's interest to see to it that as many pertinent 
and secret documents from the warring powers should be gathered in one 
place, gone over and, if necessary, secluded from prying eyes. Hoover was 
able to call upon Gen. Pershing to provide hundreds of Army officers to aid 
him in his quest. In his Foreword to The Special Collection of the Hoover 
Library, Hoover says that he recruited 1 500 officers from the American Army, 
and the Supreme Economic Council, and sent them to all parts of Europe. 
The New York Times Feb. 5, 1921 says that Hoover had as many as 4000 
agents in Europe, going from country to country to gather these documents. 
Even in those pre-inflationary times, the cost of maintaining 4000 agents in 
Europe must have been prohibitive. No one has ever found out who was 
paying them. Also, many of the documents were purchased outright. The 
only expenditure Hoover ever made public was the original $50,000 he had 
given in 1919 to establish the library. Who spent millions of dollars to put 
this collection together ? It is most unlikely that Hoover would have parted 



with such sums, but no one has ever admitted putting any money into this 
project. 

The Times noted in the Hotel Commodore story that Hoover, a 
member of the first graduating class at Stanford, had presented the school 
with a collection of 375,000 volumes. It included the most valuable collection 
of secret Bolshevik records in existence, among them, the lists of the original 
district Soviets, which had been bought from a doorkeeper for $200. The 
Times noted that the Soviet Government had no copies of these rare archives 
! Times, June 30, 1941, noted that the Bolsheviks had allowed Hoover to 
remove 25 carloads of material, at a time when Russian refugees were 
permitted to leave only with the clothes on their backs. The solicitude for 
Hoover's collection may have been influenced by the fact that he had saved 
the infant Bolshevik regime from extinction by rushing large quantities of 
food to them. 

Hoover's collection also included the complete secret files of the 
German War Council during World War I, a gift from President Ebert; Mata 
Hari's diary, and sixty rare volumes from the Czar's personal library. Many of 
the collections were permanendy sealed. Time noted that the Hoover 
Institution contained 300 sealed collections, which no one has ever been 
allowed to examine. 

One can only speculate whether interested parties, perhaps the 
Rothschilds, Hoover's employers, determined at the close of World War I, to 
remove the secret documents of Europe's warring nations to some far-off 
place, such as the West Coast of America, to lessen their political liability, 
damaging evidence of various acts of collusion. The initial organization of the 
material was done by a Stanford professor of history, Ehpraim D. Adams 
(1865-1930). Adams and his wife were installed in an office in Paris May 22, 
1919, to receive the first shipments of documents. Other offices were opened 
in Berlin, London, and New York. Aiding Adams were Dr. Alonzo Engelbert 
Tyler, who had been educated at the University of Berlin, served on War 



Trade Board 1917-19, and staff member of Stanford Food Research Institute; 
Dr. Carl Baruch Alsberg, also educated at University of Berlin, worked for the 
Dept. of Agriculture; and Dr. Joseph Stancliffe Davis, a Harvard professor of 
economics. 

The advisory committee of the original Hoover Library consisted of 
Dr. James R. Angell, president of Yale, and president Carnegie Corp.; Dr. J.C. 
Merriam, educated at the University of Munich, chmn Nad Research Council, 
and Carnegie Institution; Herbert Hoover; and Julius H. Barnes. 

Prof. Adams was Director of the Hoover Library 1920-25. He was 
succeeded by Ralph H. Lutz, who headed the library from 1925-44. Lutz had 
served on the Supreme Economic Council, Paris under Bernard Baruch 1918- 
19. In 1910 he received a Ph.D from the University of Heidelberg. He had 
taken his undergraduate degree from Stanford 1906. He had served as vice 
chmn Hoover Library under Adams 1920-25. Harold H. Fisher was director 
Hoover Library 1944-52. He had been deputy director of American Relief 
Administration and its chief historian under Hoover 1920-24. He was 
professor of history at Stanford Univ. from 1933 on, becoming emeritus in 
1955, director of Hoover's Belgian American Educational Foundation 1943- 
64, and chairman of the Pacific Council of IPR 1953-61 during the period 
when the FBI arrested a number of IPR executives and charged them with 
espionage. While chairman of IPR, Fisher continued to give his mailing 
address as Hoover Institution, Stanford University. The New York Times 
noted Oct. 29, 1929, that Hoover, as President of the U.S., had sent greetings 
to the IPR meeting, "My best greetings and wishes". 

The next director of the Hoover Institution was C. Easton Rothwell, 
1952-60; he had been chairman of research at the Hoover Institution 1947- 
52. From 1941-46, he served as chief of spec, research and political affairs, 
Dept. of State; he was exec. sec. UN Conference at San Francisco 1945 under 
Alger Hiss; was on the staff of Brookings Institution 1946-7, staff of the Nad 



War College 1951, delegate to Fulbright Conference, Cambridge England 
1954. 

In 1960, the library, now known as the Hoover Institution on War, 
Revolution and Peace, was headed by Wesley Glenn Campbell, who is still its 
director. Born in Ontario, Campbell took his degree from Harvard 1946, 
PH.D. 1948, and taught there in the Economics Dept. five years. He became 
economist for the Chamber of Commerce 1951-54, American Enterprise 
Institute, 1954-60, when he became head of Hoover Institution. He is 
director of Hoover's Belgian American Education Foundation, and the super 
secret Mont Pelerin Society, which publishes no information about its 
meetings. Campbell married Rita Ricardo, who continues to use her maiden 
name. She is a direct descendant of the famed economist, David Ricardo, 
whose theory of rent was appropriated by Karl Marx. Ricardo also originated 
"the law of wages", which states that workers must be limited to a bare 
subsistence wage, the amount controlled by "taxation". Ricardo also regarded 
workers as mere producers of "labour-time", a theory which Marx adopted as 
basic to his concept of labour. It embodies the classic parasitic view that the 
host exists only to produce sustenance for the parasite, and has no right to the 
products and gains of his own labour. An article in "CHANGE", Oct. 1981 
states that Rita Ricardo "helped shape Reagan's thinking on social security and 
national health insurance", both of which are applied as taxation on the 
worker's income. 

In 1964, Campbell and other Hoover personnel were the chief advisers 
of the Goldwater campaign; within two decades they had become the most 
influential policy-makers at the White House. 

The New York Times Index for the period of Hoover's presidency, 1929- 
33, contains no references to either Stanford of the Hoover Library. On June 
23, 1933, the Times noted that the ex-President would maintain an office at 
Stanford. Instead, he took a suite at New York's Waldorf Astoria, and spent 
the remainder of his life there. Although he was rarely seen at the Hoover 



Institution, he presided over the annual gatherings of the West Coast 
powerhouse, Bohemian Grove, and was viewed as its reigning figure. 

The New York Times March 24, 1935 referred to "Hoover's Palo Alto 
Brain Trust", although the Brain Trust did not take power in Washington until 
1980. On June 30, 1941, a new 14 story, 210 ft. building, costing $1.2 million, 
was dedicated for the Hoover Institution at Stanford by President Seymour of 
Yale, a Romanesque tower housing some 5 million documents, many of them 
sealed. The Saturday Evening Post, Mar. 11, 1950, noted that Edgar Rickard, 
director of Hoover Institution, had raised $600,000 in 1 937 towards the cost 
of the new building. 

Hoover stated that the purpose of the library was "to expose through 
research the inequities of Communism", although he had originally written it 
as "to demonstrate the evils of the doctrine of Karl Marx." A later president 
of Stanford, Wallace Sterling, re-edited this in 1 960 to read "to expand human 
knowledge, that human welfare may thus be enhanced", a classic example of 
Orwell's "Doublethink". Sterling explained this act of censorship by claiming, 
"We cannot have research with predetermined conclusion". Sterling, also 
born in Ontario, had been a member of the Hoover research staff from 1932- 
37, was awarded the Hoover Medal. He was with the Ditchley Foundation 
1962-76, and has served on the staff of HEW and the Natl War College. 

On July 21, 1957, the Hoover Library officially changed its name to 
Hoover Institution on War, Peace and Revolution. It receives funding from 
Lilly, Pew, and Volker Funds, and the Sarah Mellon Scaife Foundation. Ford 
Foundation gave it $255,000 in 1953. On July 6, 1943, the Lilly Fund had 
financed a three day conference at the institution for Bertram Wolfe, New 
York, Raymond Aron, France, and Richard Lowenstein of Berlin. All of these 
beneficiaries were old line liberals. 

In 1927, because of Wilbui s directorship there, the Rockefeller 
Foundation gave the Hoover Library $200,000 for Slavic Studies. The 
Carnegie Corp. also gave $180,000. On Jan. 7, 1975, President Ford signed a 



$30 million scholarship bill; tacked onto it was a $7 million grant to the 
Hoover Institution. The Dept. of justice gave the Hoover $600,000 to study 
crime. 

Stanford University's campus is world headquarters for Hewlett- 
Packard and the multi-billion electronics industry. The 8800 acres of 
Stanford's campus was originally Leland Stanford's Palo Alto Stock Farm, 
which he endowed with some $20 million. The campus houses a $105 million 
Atomic Energy Commission laboratory built through the influence of L.L. 
Strauss, chairman of AEC and director of Hoover Institution. Two thousand 
acres have been set aside for rental units. A shopping center on the campus 
pays $500,000 rent annually. The 300 acres Stanford Research Park houses 
the world headquarters of Hewlett-Packard. In 1912, Lee de Forest invented 
the vacuum tube in Palo Alto, launching the radio industry. Prof. Louis 
Terman of Stanford invented the Stanford-Binet IQ test; his son Fred 
became professor of electric engineering at Stanford, and persuaded two of 
his students, Bill Hewlett and Dave Packard, to start an electronics concern. 
Hewlett-Packard now has $4.4 billion annual sales, 68,000 employees. Fortune 
says Bill Hewlett is worth $1,045 billion, Dave Packard is worth $2,115 billion. 

Prof. William Shockley invented the transistor here, launching the 
Silcon Valley complex. His invention was later taken over by Fairchild 
Semiconductor, which is now owned by Schlumberger Inc. Shockley received 
litde or nothing for his discovery. 

Stanford received $3 million from the Ford Foundation for a medical 
center, and in Sept. 1 959, the Ford Foundation gave Stanford $25 million, its 
largest gift to any educational institution. The New York Times noted on 
Oct. 10, 1977, that Stanford "known as the Harvard of the West", had 
completed a $300 million fund-raising campaign headed by Arjay Miller, 
former president of Ford Motor Co. The Harvard influence has always been 
strong at Stanford and the Hoover Institution. Donald Kennedy, who 
became president of Stanford in 1980, married Jeanne Dewey, took his AB., 



MA., and PH.D. from Harvard, and served on the Harvard Board of 
Overseers from 1970-76. He was Commissioner of Food & Drugs under 
President Carter 1977-79, before becoming president of Stanford. 

Stanford has other important real estate holdings. Time, Jan. 14, 1966 
noted that Stanford has a German casde at Beutelsbach, a villa in Florence, a 
hotel in Tours, and occupies Harlaxton Manor, a 365 room stone mansion in 
Lincolnshire leased to Stanford by the Jesuits. 

The Guide to the Hoover Institution, published in 1980, notes that Rita 
Campbell is Archivist; Robert Hessen is Deputy Archivist. The collection is 
composed of 24% North America, 26% Russia and Eastern Europe; 27% 
Western Europe, and 1.8% Latin America. Page 5 of the Guide notes that the 
collection was inspired by two historians, Andrew D. White, president of 
Cornell, and Ephraim Adams of Stanford. No. 2358 in the collection is the 
Paris files of the Czarist Secret Police; No. 2373, the files of the Imperial 
Russian Okhrana (secret police); No. 2382, a list of the atrocities committed 
by Soviet political agents in Kiev. 

On June 25, 1962, Alfred Kohlberg (known as the head of the China 
Lobby) died; he left 15 cabinets of papers which are restricted until 1991. 
The Max. E. Fleischmann Foundation spent $250,000 for Boris Nikolaevsky's 
40-year collection of Russian documents, which were then presented to 
Hoover Institution. The Hoover collection also includes the personal diaries 
of Joseph Goebbels and Heinrich Himmler, the files of Basil Malakoff, Soviet 
Ambassador in Washington 1919-26, the files of the Bank for International 
Setdements, and the official Japanese records of the attack on Pearl Harbor. 

In 1966, Alan H. Belmont joined the Hoover as exec. asst. to the 
director. He had formerly been with the FBI 1936-65, serving as personal 
assistant to J.Edgar Hoover. Also at the Hoover was Stefan Possony, 
educated at the University of Vienna, came to the U.S. in 1940, was advisor to 
the War Dept. 1943-46, and was appointed director of international political 
studies at the Hoover in 1961. 



In 1963, the directors of the Hoover Institution included Richard 
Amberg, publisher of the St. Louis Post-Dispatch; Clarence Bamberger, 
mining engineer; William J. Baroody, who had founded the American 
Enterprise Institute, and was chairman of the Woodrow Wilson International 
Center for Scholars; Karl R. Bendetsen, chairman of Champion Paper, was 
special War Dept. representative to Gen. MacArthur 1941, spec, adviser to 
Secretary of the Army, asst. Secretary of Defense 1948-52, chairman of the 
Panama Canal Co., and Ambassador to West Germany and the Philippine 
Islands; James B. Black Jr. of Lehman Bros; Arthur Curtice, churn General 
Motors; Paul L. Davies Jr. who directed the evacuation of the Japanese from 
the West Coast to concentration camps in 1941, heads leading West Coast law 
firm of Pillsbury Madison & Sutro, partner Lehman Bros., director of IBM, 
Southern Pacific and Caterpillar; Northcutt Ely, Washington lawyer who 
represented Sec. Wilbur in negotiating the contracts for Hoover Dam 1930- 
33; Richard E. Guggenhime, president of Rosenberg Foundation; Harold H. 
Helm, chmn Chemical Bank, director of Westinghouse, Uniroyal, Colgate, 
Woolworth, Bethlehem Steel, Equitable, McDonnell Douglas, and Cummins 
Engine; John A. McCone of Bechtel-McCone 1937-45, Und. Sec. AF 1950- 
51, Chmn AEC 1958-60, director CIA 1961-65; N. Loyall McLaren, president 
of the billion dollar James Irvine Foundation, was treasurer of the UN 
Conference at San Francisco 1945 under Alger Hiss, was also appointed to 
Allied Commission on Reparations 1945; Jeremiah Milbank, New York 
financier, head of the Milbank Foundation and director Chase Manhattan 
Bank; George C. Montgomery, chairman of Kern County Land Co.; William 
I. Nichols, publisher of THIS WEEK, served with War Production Board 
1942-45; David Packard, chmn Hewlett-Packard - his personal fortune 
increased by $1 billion in 1983; Richard M. Scaife, vice pres. Mellon Nad 
Bank; Adm. L.L. Strauss, of Kuhn, Loeb Co., chmn AEC 1946-50, lists 
himself in Who's Who as "financial adviser to Messrs Rockefeller"; 
R.Douglas Stewart, president Quaker Oats; Gardner Simonds, chmn Tenneco, 



Kern County Land Co.; Robert C. Tyson, chmn U.S. Steel, director Chemical 
Bank, Uniroyal; Thos. J. Watson Jr. chmn IBM, director Rockefeller 
Foundation; Stephen Duggan chmn. emeritus Institute of International 
Education - father of late Laurence Duggan who died mysteriously, member 
of World Peace Foundation, League of Nations Association; John Foster 
Dulles; Anson Phelps Stokes, of the Institute of International Education, 
director General Education Board; Harold H. Swift, chmn Swift Packing Co. 
churn War Finance Committee Dept. of Treasury 1941-44; Augustus 
Trowbidge, intelligence director of American Exped. Force under Pershing in 
World War I. 

In 1980, the directors of Hoover Institution included Bendetsen, Black, 
Philip Habib, of Bechtel, and Reagan's Special Ambassador to the Middle 
East; Henry T. Bodman, chairman Nad Bank of Detroit, director and vice 
chmn American Enterprise Institute-his son Richard served with the Treasury 
Dept., was Asst. Sec. Interior, now president of COMSAT; David Tennant 
Bryan, married into the Harkness family, chmn Media General; Willard C. 
Butcher, former chmn Chase Manhattan, now director American Enterprise 
Institute; Joseph Coors, director Heritage Foundation; Charles A. Dana Jr., 
director Manufacturers Hanover Trust, Dana Foundation; Shelby Cullon 
Davis, was with CBS 1932-34, economic adviser to Dewey in his Presidential 
campaigns, Ambassador to Switzerland 1969-75, trustee of Princeton, 
Heritage Foundation; Maurice Greenberg, president American International 
Group; Alan Greenspan, president Economics Advisers since 1981, 
consultant to U.S. Treasury and Federal Reserve Board 1971-74, director 
Time, General Foods, J.P. Morgan, Morgan Guaranty Trust; Bryce Harlow, 
asst. to President of U.S. 1959-61, and 1969-70, now Washington lobbyist for 
Proctor & Gamble; A. Carol Kotchian, president Lockheed; J. Clayburn La 
Force, dean of Graduate School of Management Univ. of California, Fulbright 
scholar, director Natl Bureau of Economic Research, Mont Pelerin Society; 
William B. Macomber Jr., president Metropolitan Museum, was with CIA 



1951-53, spec. asst. for intelligence at State Dept. 1953-54, spec. asst. to Und 
Sec. State Herbert Hoover Jr. and Sec. of State John Foster Dulles 1955-57, 
Ambassador to Teheran and Jordan; Emil Mosbacher Jr. known as 
"Kingmaker", was chief of protocol State Dept. 1969-72, director Chubb, 
Chemial Bank, Avon, AMAX - his brother Robert was nat. chmn Bush for 
President, chmn Gerald Ford's unsuccessful election campaign, co chmn 
Republican Natl Committee; David Packard, of Hewlett Packard, American 
Enterprise Institute; Donald Rumsfeld, pres. Rand Corp., pres. G.D. Searle, 
asst to Pres. Nixon 1969-73, perm. rep. to NATO 1973-74, director of Sears, 
and Institute of Strategic Studies, London. 

Although the "butcher paper weeklies" such as The Nation issue grim 
warnings that the Hoover Institution is deeply engaged in the practice of 
"cold war anti-Communism", the New York Times has noted that the Hoover 
is surprisingly liberal. Its longtime senior fellow is Sidney Hook, oldline 
Socialist who keeps a portrait of George Meany on his office wall; Seymour 
Martin Lipset, longtime liberal closely identified with the offices of 
Democratic Senators Henry Jackson and Daniel Moynihan, taught at Harvard, 
Univ. of Calif, received the Gunnar Myrdal Prize 1970, nat. chmn B'Nai 
B'Rith Hillel and United Jewish Appeal; John Bunzel, Democratic liberal now 
associated with the Libertarian Party; Stanley Fischer, liberal from MIT; 
Joseph Pechman, the Hoover Institution resident tax expert-he had been tax 
expert at Brookings Institution Washington for many years before coming to 
Hoover; other resident liberals are Dennis J. Dollin, Theodore Draper and 
Peter Duignan. Lipset was quoted in an interview in the New York Times as 
follows: "Over half the senior fellows here are not rightwingers, not even 
conservatives; they are leftwing Democrats and Socialists." 

These are the architects of Reagan's "rightwing" administration, the 
usual flimflam in which the same tired old Marxists are trotted out as the 
inspired libertarians of a world run by the "Hard Right"! The head of 
Reagan's Presidential Transition Team on cabinet appointments in 1980 was 



W. Glenn Campbell, Harvard graduate and head of Hoover Institution; 
Reagan's adviser on social security was his wife, Rita Ricardo Campbell. More 
than half of the Hoover staff went to Washington with Reagan. Richard Starr 
and Peter Duignan were his advisers on foreign policy; Duignan had received 
fellowships from Ford, Rockefeller, & Guggenheim; Thomas Gale Moore 
was Reagan's expert on energy policy; Paul Craig Roberts became asst. Sec. 
Treasury; Richard V. Allen, who had been on the staff of the Hoover 
Institution since 1966, served on National Security Council 1969, dep. asst, to 
the President 1969-70, now became Reagan's asst. for national security 
affairs; Martin Anderson, senior fellow at Hoover Institution 1971-81, 
became Reagan's asst for policy development; he thought up the ridiculous 
boondoggle of "Urban Enterprise Zones". 

One of the "Hoover Hotshots" on Reagan's team was described in 
Omni March 1984 Continuum : "Honegger Hotline: Pres. aide Barbara 
Honegger was hired by Martin Anderson at Hoover Institution while writing a 
book on the draft; she wore a scarab necklace and was the first graduate in 
experimental psychology at John F. Kennedy University, Olinda, Calif; she 
had advised Reagan to decide against underground shells of MX missiles 
because psychics would target them; she had him put 5500 additional 
warheads on our 33 nuclear submarines because psychic brainwaves are 
absorbed by the churning sea. Despite Anderson's protests, she was finally 
ushered out of the White House." So much for "the Extreme Right" in 
scarab necklaces and dodging psychic brain waves. 

Campbell's Presidential Transition Team spent $1 million from donors 
plus $2 million provided by Congress, but could not get a single "rightwinger" 
installed on Reagan's staff. The largest payment went to longtime liberal 
Joseph Califano, who was paid 886,047.93 for representing Alexander Haig at 
his Senate confirmation hearings as Secretary of State. "Rightwinger" Haig 
said Califano was an oldtime friend. The deputy director of the Transition 



Team, Verne Orr, served as comptroller of the Reagan campaign, and is now 
Secretary of the Air Force. 

Seymour Martin Lipset, who voted for John Anderson in 1980, took a 
survey of the 25 Hoover fellows in 1984; he found 11 Democrats, 10 
Republicans, 3 independent, and one who was not a citizen. The Three 
Honorary Fellows of Hoover Institution are Ronald Reagan, Alexander 
Solzheinitsyn, and Frederick von Hayek. Reagan is in Washington, 
Solzheinitsyn lives in Vermont; von Hayek is retired in Salzburg. None of 
them has any connection with the administration of the Hoover Institution. 
Reagan has already donated his papers to the Hoover Institution. 

In June, 1981, Hoover Institution held a gala reception at the Sheraton 
Carlton in Washington, with many White House officials present. They 
effectively short-circuited all of Reagan's campaign promises for lower taxes, 
decreased government spending, and the goal of "getting the government off 
of our backs". 

The present star of the Hoover Institution is Milton Friedman, who is 
credited with bringing economic disaster to Chile, Israel, the United States, 
and other countries in which his "monetarist" theories have been introduced. 
Friedman's "monetarism" is the same old bankers' swindle of endless creation 
of more interest bearing debt money, requiring ever increasing taxes merely to 
meet the interest payments. He and Jack Kemp are now pushing for a "flat 
tax" to lock Americans into a tax corral from which they can never hope to 
escape. Friedman came to the Hoover in 1977 as senior research fellow, 
simultaneously accepting a post as economic consultant to the Federal 
Reserve Bank of San Francisco. He and his consort, Murray Rothbard, 
dominate a closely interlocked network of "hard money" "conservative" 
groups, which includes the Heritage Foundation, Mont Pelerin Society, Cato 
Institute, Ludwig von Mises Institute, and American Enterprise Institute, 
which hold banquet meetings, always with no visible result. Their mentor is 
the late Ludwig von Mises, born in Austria, and founder of "the Austrian 



School of Economics", who taught at New York University from 1946 until 
his death. The Institute is now run by his widow, Margit Herzfeld, to whom 
President Reagan said, at a testimonial dinner for her husband, "You don't 
know how often I consult the books of your husband before making a 
decision." She still doesn't know. 

At the age of 1 6, Milton Friedman became the protege of Arthur Burns 
at Rutgers and Columbia. Their economic principles stemmed from the 
"Viennese School" founded by Karl Menger and Eugen von Bauwerk. 
Merger taught von Hayek, Eric Voegelin and Fritz Machluys. At that time. 
Vienna was dominated by the House of Rothschild, which had controlled the 
national debt of Austria since the Congress of Vienna in 1815. Austria's Tyrol 
silver mines were owned by the Rothschilds, as were her railways. Empress 
Elizabeth's closest friend was Julie de Rothschild, sister of Baron Albert, head 
of the Austrian House. Count Richard Coudenhove-Kalergi, who founded 
the Pan European Union, was named after Richard Wagner, one of whose 
students was Gustav Mahler. Mahler's studies with Wagner were funded by 
Baron Albert de Rothschild. Coudenhove-Kalergi's father was a close friend 
of Theordor Herzl, founder of Zionism. Goudenhove-Kalergi writes in his 
Memoirs, "At the beginning of 1924, we received a call from Baron Louis de 
Rothschild; one of his friends, Max Warburg from Hamburg, had read my 
book and wanted to get to know us. To my great surprise, Warburg 
spontaneously offered us 60,000 gold marks, to tide the movement over for 
its first three years .... Max Warburg, who was one of the most distinguished 
and wisest men that I have ever come into contact with, had a principle of 
financing these movements. He remained sincerely interested in Pan-Europe 
for his entire life. Max Warburg arranged his 1925 trip to the United States to 
introduce me to Paul Warburg and financier Bernard Baruch." 

In Chicago, Jane Adams of Hull House had been for five years a 
protege of Beatrice Webb, founder of the Fabian Society. In 1892, the 
University of Chicago was organized as the center of the Fabian Socialist 



program in America, with J. Laurence Laughlin, spokesman for the Cobden 
Club's "free trade" program in England; Laughlin later became Paul 
Warburg's chief propagandist to stump for the passing of the Federal Reserve 
Act. John Dewey became head of the sociology dept. at the Univ. of Chicago; 
Wesley Clair Mitchell was head of the economics dept. In 1913, they moved 
to Columbia University. They were later hired by Baruch at the War 
Industries Board, and prepared all the statistics for American representatives 
at the Versailles Peace Conference. In Feb. 1920, Mitchell met with the rest 
of the staff of Baruch's War Industries Board in New York with a Round 
Table group financed by Kuhn Loeb & Go. and Lazard Freres, to found the 
Natl Bureau of Economic Research, of which Mitchell became director. His 
protege was Arthur Burns, later chmn of the Nad Buro, chmn Federal 
Reserve Governors, partner of Lazard Freres, and U.S. Ambassador to West 
Germany. 

Burns then brought in his protege, Milton Friedman, who has proposed 
that we legalize the sale of dope to raise $100 billion a year for the GNP. 

Wesley Clair Mtchell's career was devoted to uniting the Austrian and 
British schools of economics in a single force to direct the American 
economy. He achieved success through the careers of his proteges, Burns and 
Friedman, who offer us the "flat rate" tax to pay interest on their bank- 
created debt money. It is the ancient European system introduced by the 
House of Rothschild to loot national economies by the rentier system of 
national debt. 

A keystone of the Friedman-Burns network is the Mont Pelerin 
Society, a secretive group of economists which meets every two years, but 
issues no findings or recommendations. These supposedly conservative hard 
money economists first met at Mont Pelerin, Switzerland in 1997 to oppose 
the leftwing statist economists who had dominated the field for fifty years. 
They were led by Frederick von Hayek, a graduate of the Viennese school of 
economics, who became a British citizen in 1938. He was Tooke prof, of 



economics, Univ. of London 1931-50, prof, of social and moral science at the 
Univ. of Chicago 1950-62, and prof, of economics Univ. of Freiburg 1926-69, 
when he retired to Salzburg. He was a disciple of Ludwig von Mises, who 
taught Henry Hazlitt, another founder of Mont Pelerin. Hazlitt reported the 
founding meeting in Newsweek, Sept. 25, 1961, listing among those present 
Jacques Rueff, economic director of France, Pedro Beltran, president of Peru, 
Sen. Luigi Einaudi, prof, economics at Turin 1901-35, Governor of the Bank 
of Italy 1945-48, president of Italy 1948-55; Dr. Ludwig Erhard, Economic 
Minister of Germany, director of World Bank; Wilhelm Roepke, Erhard's 
economic adviser; Trygve Hoff, Norway; Muller-Armack and William 
Rappard of Germany; Ludwig von Mises; Frank Knight; Milton Friedman 
and Henry Hazlitt. 

In 1962, the Mont Pelerin Society met at Knokke, Belgium, announcing 
that "The Mont Pelerin Society takes no formal action, passes no resolutions, 
and seeks no publicity." In 1970, the Society met in Munich, where Milton 
Friedman was elected president. Present were Wesley Campbell and Martin 
Anderson from the Hoover Institution. In 1 974, 300 members of the Society 
met at Brussels, where they were addressed by Milton Friedman and his 
protege Murray Rothbard. Rothbard was sponsored by the Cato Institute, a 
"conservative" group whose director, Earl C. Ravenel, is also director of the 
Institute for Policy Studies, the leftwing policy-making organization founded 
by James Paul Warburg. Cato is funded by Charles Koch of Kansas, head of 
Koch industries, who amassed a fortune of $700 million. He also funds the 
Libertarian Party, which calls for opening U.S. borders to all illegal 
immigrants, legalizing of drugs, and other alarming recommendations. Koch 
funds these groups through his bank, Morgan Guaranty Trust of N.Y. Cato 
gave a two year grant to Rothbard to write a book, "For a New Liberty", 
which says, "Before World War II, so devoted was Stalin to peace that he 
failed to make adequate provision against Nazi attack." Rothbard should have 
said, "So devoted was Stalin to murder that he killed most of his Army 



officers, leaving him vulnerable to Nazi attack." Rothbard asserts that the 
U.S. is imperialist and war-mongering, while the Soviet Union is peace-loving, 
rational and misunderstood ! The Cato Institute magazine Inquiry lists 9 staff 
writers, among them Nad Hentoff of the Village Voice, Marcus Raskin, head 
of the Institute for Policy Studies, and Penny Lernoux, correspondent of the 
Nation, all of whom would be hurt if they were not described as extreme 
liberals. 

In 1975, George Roche III, who had become a member of the Society 
in 1971, hosted the meeting at Hillsdale College, of which he is president. 
William Buckley, also a member, addressed the group with a routine 
encomium for von Hayek. 

In 1980, the Mont Pelerin Society met at the Hoover Institution, with 
600 members and guests present. Ralph Harris was guest speaker. As 
Margaret Thatcher's director of economics, he had been made Baron Harris 
of High Cross in 1979. Count Max Thurn, permanent secretary of the 
Society, also addressed the meeting. He is a member of the wealthy Thurn 
und Taxis family, closely related to the British royal family. 

The Encyclopaedia of Associations lists the Mont Pelerin Society c/ o 
Edwin Feulner, treasurer, Box 7031, Alexandria, Va; secretary Dr. Max Thurn, 
Elizabethstrasse 4, Vienna. Feulner is president of the Heritage Foundation, 
served as confidential asst. to Secretary of Defense 1969-70; adm asst. Phil 
Crane 1940-44, public affairs fellow Hoover Institution 1965-67, chmn 
Institute Europan Strategy and Defense Studies London since 1979. 

Heritage Foundation, part of the network of "conservative" groups, 
sponsored Reagan's posthumous award of the Medal of Freedom to 
Whittaker Chambers in March 1984. Its directors are Shelby Cullom Davis, 
director of Hoover; Joseph Coors, director of Hoover; Midge Decter, exec, 
director Committee for a Free World; her husband is "neo-conservative" 
Norman Podhoretz, editor of Commentary magazine; Robert Dee, chmn 
Smith Kline drug firm, director United Technologies with William Simon; 



William Simon, director Citibank, former Secretary of the Treasury; Lewis E. 
Lehrman, head of the Lehrman Institute; John D. Wrather, heir to an oil 
fortune, head of the entertainment conglomerate Wrather Inc. and director of 
Hoover. 

Feulner claims that Heritage cooperates with more than 400 groups in 
the U.S. and 100 overseas. Honarary chairman is Frank Shakespeare. 
Chairman of the editorial board is David Meiselman of the Mont Pelerin 
Society. Richard Reeves mentions in the N.Y. Times Magazine, July 15, 1984, 
"Edwin J. Feulner is president of the Heritage Foundation, one of the right's 
most productive idea factories." He failed to cite a single "idea" produced by 
this factory. The star of Heritage and its closely affiliated American 
Enterprise Institute is Jeane Kirkpatrick, U.S. Ambassador to the UN. She is 
routinely mentioned in terms of fulsome praise such as the Communist Party 
used to reserve for Stalin; National Review gushes over her, and also raves 
about "the ever gallant, charming, freedom-loving Friedmans" whose "energy, 
lucidity and patience" awes Buckley's propagandists. 

Jeane Kirkpatrick has been prof, at Georgetown Univ. since 1967, chief 
of research American Enterprise Institute since 1977, director of Center for 
Strategic and International Studies at Georgetown. She is the wife of veteran 
intelligence operative Evron Kirkpatrick, OSS 1945, intelligence specialist 
Dept. of State 1946-54 as chief psychological intelligence research staff 
specializing in behavioural science (people control). He has been head of the 
American Political Science Association since 1954, and is president of the 
American Peace Society which publishes a quarterly called World Affairs. 

The American Enterprise Institute was founded by William J. Baroody 
and Milton Friedman in 1943; Baroody left in 1978 to take over the 87 
million a year Center for Strategic and International Studies at Georgetown. 
His son, William Jr. former adviser to President Nixon, took over AEI and its 
staff of 150. Jr. was adm. asst Congressman Melvin Laird 1961-68, who then 
became Secretary of Defense; Baroody was spec, adviser at Defense 1969-73, 



spec, adviser to the President of the U.S. 1973-74, and is chairman Woodrow 
Wilson International Center for scholars. Directors of American Enterprise 
Institute include Edward Bernstein; James S. Duesenberg, Presidential 
Council of Economic Advisers 1966-68, prof, at Harvard, director Federal 
Reserve Bank of Boston, Fulbright fellow Cambridge England 1954-55; 
Frederick A. Praeger, emigre N.Y. publisher who published a number of 
propaganda works for the CIA; Herbert Stein, A. Willis Robertson prof of 
economics, Univ. of Va., editor AEI publication The Economist since 1977, 
served on War Production Board 1941-44, Brookings Institution fellow 1967- 
69, Council of Economic Advisers 1969, chairman 1972-74; Robert H. Bork, 
prof, law at Yale, former Solicitor General and Acting Atty. Gen. of U.S. 
1973-77; Kenneth W. Daum, former partner Cravath Swaine & Moore, Wall 
Street law firm, now prof, of law, Univ. of Chicago; D. Gale Johnson, prof, 
economics at Univ. of Chicago since 1944, economist with OPA 1942, State 
Dept. 1946, U.S. Army econ. 1948, adviser to Congress 1974-76, consultant to 
TVA, Rand Corp. and AID, director William Benton Fndtn; Robert Nisbet, 
John Dewey lecturer at John Dewey Society, Rockefeller Foundation grant 
1975-78, scholar at AEL since 1978; James D. Wilson, Shattuck prof, at 
Harvard; Richard B. Madden, chmn exec, committee AEI, chairman Socony 
Mobil since 1956, director Pacific Gas & Electric, Del Monte and 
Weyerhauser; Willard C. Butcher, former chmn Chase Manhattan Bank; 
Charles T. Fisher III, president Natl Bank of Detroit, director General 
Motors, Detroit Edison; Richard D. Wood, president Eli Lilly drugs since 
1961, director Standard Oil of Indiana, and Chemical Bank. 

Thus the well-funded "Hard Right" American Enterprises Institute's 
board of directors reads much like that of the Rockefeller Foundation or the 
Hoover Institution, the usual New York banks, Standard Oil, General Motors 
crowd. The World Order maintains control. 

Lewis Lehrman, director of Heritage Foundation, and founder of the 
1000 store Rite Aid drug chain, set up his own foundation in 1978. After 



agonizing over a trenchant attention-getting name, he chose the obvious, 
"Lewis Lehrman Institute". Its president is Robert W. Tucker, member of the 
Council on Foreign Relations, professor at John Hopkins School of 
International Studies, which was made famous by the tenure of Owen 
Lattimore, denounced by Sen. McCarthy as a leading Soviet agent. Director 
of Lehrman Institute is Barton Biggs of Brookings Institution. Lehrman 
spent $13.9 million campaigning to be elected Governor of New York, but 
was easily beaten by Mario Cuomo, who only spent $4.8 million. The New 
Republic Dec. 5, 1983 featured an article by Sidney Blumenthal, "How Lewis 
Lehrman Plans to Take Over America." 

After examining the lavishly funded network of pseudo-rightwing 
foundations, it is almost a relief to go back to the forthright Marxist bias of 
the foundation movement, as exemplified by the Ford Foundation. The 
Special Committee to Investigate Tax Exempt Foundation reported in 1954, 
"The Ford Foundation affords a good example of the use of a foundation to 
solve the death tax problem, and, at the same time, the problem of how to 
retain control of a great enterprise in the hands of a family. Ninety per cent 
of the ownership of the Ford Motor Co. was transferred to the Ford 
Foundation, created for the purpose. Had it not been it was almost certain 
that the family would have lost control." 

The Ford family paid a terrible price to save the company. To prevent 
it from being split up, they had to turn it over to the most leftwing elements in 
the U.S. Norman Dodd states that while investigating tax exempt foundations, 
he interviewed H. Rowan Gaither, president of the Ford Foundation. Gaither 
complained about the "bad press" the Ford Foundation was receiving, and 
explained to Dodd, "Most of us here were, at one time or another, active in 
either the OSS or the State Dept., or the European Economic 
Administration. During those times, and without exception, we operated 
under directives issued by the White House, the substance of which was to 
the effect that we should make every effort to alter life in the U.S. as to make 



possible a comfortable merger with the Soviet Union." This is still the goal of 
the foundation movement. 

In 1953, the Ford Foundation set up the $15 million Fund for the 
Republic, with Paul Hoffman, former head of ECA, married to Baruch's 
secretary, Anna Rosenberg. Directors of the Fund were former Zionist and 
labor leader Arthur Goldberg, and Henry Luce, of whom H.L. Mencken said, 
"I know why Henry hires so many Communists on his magazines. It's 
because they work cheap." 

The Fund for the Republic hired Earl Browder, head of the 
Communist Party "to study the influence of Communism in contemporary 
America". In 1968, the Fund granted $215,000 to "promote in the U.S. the 
knowledge of contemporary Cuba. The funds will support the expenses of 
persons invited by the Gastro government to do research in Cuba." The 
National Guardian Jan. 13, 1968 pointed out that "The Ford Foundation plays 
a key part in financing and influencing almost all major civil rights groups 
including Congress of Racial Equality, Southern Christian Leadership, 
National Urban League, and NAACP." The Ford Foundation has spent 
many millions to promote racial agitation and possible civil war in America, 
completely polarizing the races. In this effort, it is simply carrying on the plan 
inaugurated by the Rothschilds in 1865 with the Peabody Fund, the Slater 
Fund, and later the General Education Board, which is now the Rockefeller 
Foundation. It takes money to promote a civil war. Ford Foundation entered 
the Hispanic field by giving $600,000 to the openly revolutionary Southwest 
Council of La Raza in 1968, and an additional $545,717 in 1969. 
Congressman Henry Gonzalez, himself a Hispanic, denounced La Raza as 
fomenting "blind, stupid hatred." 

Ford money has backed many revolutionary groups in the U.S. engaged 
in dynamiting and burning buildings, inciting riots, kidnaping and 
assassination. All of these are criminal offenses but no one is ever arrested. 
The Ford Motor Co. also built the huge Kama River truck factory in Soviet 



Russia, which provided the trucks for the Red Army to attack Afghanistan. 
They rolled into the almost defenseless country on a modern highway, which 
had been built by AID with American taxpayers' money. 

The Ford Foundation has many capitalist and CIA connections. 
Stephen Bechtel and Chase lawyer John J. McCloy have been board members 
for years, also Frank Abrams, chmn Standard Oil Co. of New Jersey. The 
president of the Ford Foundation is Franklin Thomas, a token black; he is 
also director of the $348 million John Hay Whitney Foundation. Whitney was 
Ambassador to England 1956-61, Order of the British Empire, chairman 
Freeport Sulphur, publisher of the N.Y. Tribune; he married Betsy Cushing 
Roosevelt. His daughter Kate married William Haddad of the New York 
Post, who set up the Peace Corps for Kennedy in 1961, is governor of 
American Jewish Congress, Yale Corp. and Museum of Modern Art; other 
directors of J.H. Whitney Foundation include Harold Howe, also director 
Ford Foundation, Vernon Jordan, director of Rockefeller Foundation, and 
James F. Brownlee, partner of J.H. Whitney Co., and director Chase 
Manhatten Bank, RH. Macy Co. & chmn Minute Maid Corp. 

Other directors of Ford Foundation include its European director, Ralf 
Dahrendorf, admirer of Marx's "Utopian" policies. In his work, "Marx in 
Perspective", he claimed that Marx is the greatest factor in the emergence of 
modern society. Dahrendorf was fellow of Center of Advanced Study 1957- 
58, prof, sociology Hamburg, 1958-60, Columbia Univ. 1960, Univ. of 
Tubingen 1960-64, Secretary of State Foreign Office Germany 1969-70. As a 
professor of sociology, he created the concept of a "new man", whom he 
dubbed "homo sociologicus", man transformed by socialism, in which all 
distinctions of race, and presumably, all other distinctions, have disappeared. 
Dahrendorf denies there are any differences in the races of mankind, and 
denounces any idea of "superiority" or differing skills as "ideological 
distortion". "Homo Sociologicus" is the creature of the social sciences, the 
socialized man who can be completely controlled by the forces of society. 



The Ford Foundation introduced "behaviourism" or people control 
into the curricula at Harvard Business School through the director, Donald K. 
David, in 1956. David received a $2 million grant from Ford Foundation for 
this program, while he was a director of the foundation. In 1970, Ford 
Foundation established the Police Foundation, headed by Pat Murphy, to 
train police in behaviourism and "human relations". 

Other directors of Ford Foundation are Harriet S. Rabb, asst. dean 
Columbia U. Law School, director of the NAACP Legal Fund since 1978. 
Her husband Bruce Rabb is partner of the Wall Street law firm, Stroock 
Stroock & Lavan, organized the Lehrman Institute and has been secretary of 
it since 1978; his father, Maxwell Rabb is also partner of this law firm - he 
was adm. asst. Sen. Henry Cabot Lodge 1937-43, Secretary of the Cabinet 
1953-58 under Eishenower, joined Stroock Stroock & Lavan 1958, now 
Ambassador to Italy, chmn U.S. delegation to UNESCO; other partners of 
this firm are William J. van den Heuvel, former law partner of Gen. Donovan, 
and his assistant when he was Ambassador to Thailand, campaign manager 
Jimmy Garter 1976; Rita Hauser, director Brookings Institution; and Robert 
B. Anderson former Secretary of Navy and Secretary of Treasury. Stroock 
Stroock & Lavan specializes in handling the family finances of wealthy old line 
Jewish families, and is trustee of all three Warburg foundations. 

Chairman of the Ford Foundation is Alex Heard, who was with the 
War Dept. 1939-43, spec, adviser President of the U.S. 1970, director Time 
since 1968; other directors are Hedley Donovan, editor in chief of Time, 
director of Trilateral Commission; Walter A. Haas, president of Levi Strauss, 
director Bank of America, NAACP Legal Fund, chmn United Jewish Appeal, 
and Alliance Israelite Universelle; Donald S. Perkins, of J.P. Morgan; Irving 
S. Shapiro, former chairman DuPont, director of Citicorp and Citibank, IBM, 
director US-USSR Trade & Economic Council; Glen E. Watt, of AFL-CIO, 
member Club of Rome, Trilateral Commission, Aspen Institute. 



The purpose of the Pan-European Union, founded by Count 
Coudenhove-Kalergi, and funded by the Rothschilds and Warburgs, was to 
restore the oligarchic control over Europe. To accomplish this goal, it was 
necessary to emasculate and defeat the powerful republican currents which 
had their origin in the 14th century Renaissance, which, with its emphasis on 
the freedom of the human spirit, produced the greatest cultural outpouring in 
the history of mankind. This individualism was immediately expressed in 
nationalism; its republican spirit was dedicated to ending hereditary and 
arbitrary control and dictatorship over the lives of the people, reaching its 
greatest expression in the Constitution of the United States, which was the 
result of rebellion. 

Because the ruling families of Europe are the direct descendants of 
William of Orange, who chartered the Bank of England in 1694, the 
movement to destroy nationalism and individualism has been directed from 
England, but expressed in the Communist movement. The World Order has 
planned and executed two World Wars to restore world rule by the oligarchy, 
a world rule variously called Bolshevism, the League of Nations, or the United 
Nations, but never the World Order. 

The English control of this world movement is demonstrated by the 
ideology of American foundations, which is created by the Tavistock Institute 
of Human Relations in London. In 1921, the Duke of Bedford, Marquess of 
Tavistock, the 11th Duke, gave a building to the Institute to study the effect 
of shellstock on British soldiers who survived World War I. Its purpose was 
to establish the "breaking point" of men under stress, under the direction of 
the British Army Bureau of Psychological Warfare, commanded by Sir John 
Rawlings-Reese. 

Tavistock Institute is headquartered in London, because its prophet, 
Sigmund Freud, setded here in Maresfield Gardens when he moved to 
England. He was given a mansion by Princess Bonaparte. Tavistock's 
pioneer work in behavioural science along Freudian lines of "controlling" 



humans established it as the world center of foundation ideology. Its network 
now extends from the University of Sussex to the U.S. through the Stanford 
Research Institute, Esalen, MIT, Hudson Institute, Hudson Institute, Heritage 
Foundation, Center of Strategic and International Studies at Georgetown, 
where State Dept. personnel are trained, US Air Force Intelligence, and the 
Rand and Mitre corporations. The personnel of the foundations are required 
to undergo indoctrination at one or more of these Tavistock controlled 
institutions. A network of secret groups, the Mont Pelerin Society, Trilateral 
Commission, Ditchley Foundation, and Club of Rome is conduit for 
instructions to the Tavistock network. 

Tavistock Institute developed the mass brain-washing techniques which 
were first used experimentally on American prisoners of war in Korea. Its 
experiments in crowd control methods have been widely used on the 
American public, a surreptitious but nevertheless outrageous assault on 
human freedom by modifying individual behaviour through topical 
psychology. A German refugee, Kurt Lewin, became director of Tavistock in 
1932. He came to the U.S. in 1933 as a "refugee", the first of many 
infiltrators, and set up the Harvard Psychology Clinic, which originated the 
propaganda campaign to turn the American public against Germany and 
involve us in World War II. In 1938, Roosevelt executed a secret agreement 
with Churchill which in effect ceded U.S. sovereignty to England, because it 
agreed to let Special Operations Executive control U.S. polices. To 
implement this agreement, Roosevelt sent Gen. Donovan to London for 
indoctrination before setting up OSS (now the CIA) under the aegis of SOE- 
SIS. The entire OSS program, as well as the CIA has always worked on 
guidelines set up by the Tavistock Institute. 

Tavistock Institute originated the mass civilian bombing raids carried 
out by Roosevelt and Churchill purely as a clinical experiment in mass terror, 
keeping records of the results as they watched the "guinea pigs" reacting 
under "controlled laboratory conditions". All Tavistock and American 



foundation techniques have a single goal - to break down the psychological 
strength of the individual and render him helpless to oppose the dictators of 
the World Order. Any technique which helps to break down the family unit, 
and family inculcated principles of religion, honor, patriotism and sexual 
behaviour, is used by the Tavistock scientists as weapons of crowd control. 
The methods of Freudian psychotherapy induce permanent mental illness in 
those who undergo this treatment by destabilizing their character. The victim 
is then advised to "establish new rituals of personal interaction", that is, to 
indulge in brief sexual encounters which actually set the participants adrift 
with no stable personal relationships in their lives, destroying their ability to 
establish or maintain a family. 

Tavistock Institute has developed such power in the U.S. that no one 
achieves prominence in any field unless he has been trained in behavioural 
science at Tavistock or one of its subsidiaries. Henry Kissinger, whose 
meteoric rise to power is otherwise inexplicable, was a German refugee and 
student of Sir John Rawlings Reese at SHAEF. Dr. Peter Bourne, a Tavistock 
Institute psychologist, picked Carter for President of the U.S.solely because 
darter had undergone an intensive brainwashing program administered by 
Admiral Hyman Rickover at Annapolis. Paul Mellon's Old Dominion 
Foundation gave Tavistock $97,000 in 1956, and $12,000 during each of the 
three following years. Old Dominion also gave the Anna Freud Foundation 
$8000 a year. Tavistock maintains two schools at Frankfort, birthplace of the 
Rothschilds, the Frankfurt School, and the Sigmund Freud Institute. 

The "experiment" in compulsory racial integration in the U.S. was 
organized by Ronald Lippert, of the OSS and the American Jewish Congress, 
and director of child training at the Commission on Community Relations. 
The program was designed to break down the individual's sense of personal 
knowledge in his identity, his racial heritage. Through the Stanford Research 
Institute, Tavistock controls the National Education Association. The 
Institute of Social Research at the Natl Training Lab brain washes the leading 



executives of business and government. Such is the power of Tavistock that 
our entire space program was scrapped for nine years so that the Soviets could 
catch up. The hiatus was demanded in an article written by Dr. Anatol 
Rapport, and was promptly granted by the government, to the complete 
mystification of everyone connected with NASA. Another prominent 
Tavistock operation is the Wharton School of Finance. 

A single common denominator identifies the common Tavistock 
strategy - the use of drugs. The infamous MK Ultra program of the CIA, 
directed by Dr. Sidney Gottlieb, in which unsuspecting CIA officials were 
given LSD, and their reaction studied like guinea pigs, resulted in several 
deaths. The U.S. Government had to pay millions in damages to the families 
of the victims, but the culprits were never indicted. The program originated 
when Sandoz AG, a Swiss drug firm, owned by S.G. Warburg Co. of London, 
developed lycergic acid. Roosevelt's advisor, James Paul Warburg, son of Paul 
Warburg who wrote the Federal Reserve Act, and nephew of Max Warburg 
who had financed Hitler, set up the Institute for Policy Studies to promote the 
drug. The result was the LSD "counter-culture" of the 1960s, the "student 
revolution", which was financed by $25 million from the CIA. 

One part of MK Ultra was the Human Ecology Fund; the CIA also 
paid Dr. Herbert Kelman of Harvard to carry out further experiments on 
mind control. In the 1950s, the CIA financed extensive LSD experiments in 
Canada. Dr. D.Ewen Cameron, president of the Canadian Psychological 
Assn., and director of Royal Victorian Hospital, Montreal, received large 
payments from the CIA to give 53 patients large doses of LSD and record 
their reactions; the patients were drugged into weeks of sleep, and then given 
electric shock treatments. One victim, the wife of a member of the Canadian 
Parliament, is now suing the U.S. companies who provided the drug for the 
CIA. In his biography of Helms, Powers states that in his last days of office, 
Helms ordered Dr. Sidney Gottlieb, head of MK Ultra, to destroy all records 
of the CIA's drug-testing program, and that by Jan. 14, 1973, Helms had 



destroyed five thousand pages of notes taken in his office during his six and a 
half years as director of the CIA ! 

Because all efforts of the Tavistock Institute are directed toward 
producing cyclical collapse, the effect of the CIA programs are tragically 
apparent. R. Emmett Tyrell Jr., writing in the Washington Post Aug. 20, 1984, 
cites the "squalid consequences of the 60s radicals in SDS" as resulting in "the 
growing rate of illegitimacy, petty lawlessness, drug addiction, welfare, VD, 
and mental illness". This is the legacy of the Warburgs and the CIA. Their 
principal agency, the Institute for Policy Studies, was funded by James Paul 
Warburg; its co-founder was Marcus Raskin, protege of McGeorge Bundy, 
president of the Ford Foundation. Bundy had Raskin appointed to the post of 
President Kennedy's personal representative on the National Security Council, 
and in 1 963 funded Students for Democratic Society, through which the CIA 
operated the drug culture. 

Today, the Tavistock Institute operates a $6 billion a year network of 
foundations in the U.S., all of it funded by U.S. taxpayers' money. Ten major 
institutions are under its direct control, with 400 subsidiaries, and 3000 other 
study groups and think tanks which originate many types of programs to 
increase the control of the World Order over the American people. Typical is 
the Hudson Institute, a $5 million a year operation with 120 employees, 
founded in 1965 by Herman Kahn of the Rand Corp. and the Stanford 
Research Institute; its directors include Alexander Haig, president of United 
Technologies; Frank Carlucci, deputy secretary of Defense, and now 
chairman Sears World Trade Corp.; Daniel C. Searle, chmn G.D. Searle Drug 
Co.; and Gov. Pierre DuPont of Delaware. The principal architect of 
Hudson was Frank Altschul, director of Ford Foundation, partner of Lazard 
Freres, who married into the Lehman family, president General American 
Investors, director U.S. Leather, International Bank te Amsterdam, American 
Eagle Fire Insurance, the Yale Corp., Institute of International Studies, China 
Institute in America, whose Times obituary in 1981 called him "a Renaissance 



Man" who endowed the Yale Library and the Overbrook Press. Other 
Hudson associates are Leo Cherne of the Foreign Advisory Intelligence 
Board, and Sidney Hook of the Hoover Institution. 

Stanford Research Institute, adjoining the Hoover Institution, is a $150 
million a year operation with 3300 employees. It carries on program 
surveillance for Bechtel, Kaiser, and 400 other companies, and extensive 
intelligence operations for the CIA. It is the largest institution on the West 
Coast promoting mind control and the behavioural sciences. 

One of the key agencies as a conduit for secret instructions from 
Tavistock is the Ditchley Foundation, founded in 1957 by Sir Philip Adams. 
A long time Foreign Service officer, Adams was Minister to Khartoum 1959, 
Ambassador to Jordan 1966-70, and Egypt 1973-75; he married the daughter 
of Baron Trevethin (the Lawrence family, which includes several lord chief 
justices of Britain.) 

The Ditchley Foundation is headquartered at Ditchley Park, near 
Oxford, in a casde built for the Earl of Lichfield in the 16th century; the 
present Earl of Lichfield is a cousin of Queen Elizabeth, and is known as a 
photographer of beautiful women. Ditchley Park was given to the foundation 
by Ronald and Marietta Tree. Ronald Tree, a godson of Marshall Field, was 
for many years a high official in British intelligence. He was appointed 
Parliamentary Private Secretary to the Minister of Pensions, the Minister of 
Information, and the Minister of Planning. He was first married to Nancy 
Moncure Perkins, of an old Virginia family. They divorced, and he married 
Marietta Peabody, granddaughter of Endicott Peabody, headmaster of 
Groton, where the American elite was trained. Her career gave rise to the 
term "beautiful people", the glittering international set devoted to leftwing 
causes. She began her career as a beautiful young "hostess" for Nelson 
Rockefeller in 1942, became a shop steward for the Newspaper Guild at Life 
Magazine, Fair Housing Practices Committee for New York, 1958 Volunteer 
for Stevenson, Commission on Human Rights at the UN 1959-61, Human 



Rights Commission UN 1961-64, Ambassador to the UN 1961-64. Magazine 
articles gave lowing reports of a "beautiful person's" life in New York, her 
townhouse at 123 E. 79th St. filled with antique furnishings and art treasures 
from Ditchley Park, the house run faultlessly by an English butler, as well as 
their summer home at Barbados, where they entertained Winston Churchill in 
1960. The American branch of the Ditchley Foundation is run by Cyrus 
Vance, former Secretary of State, and director of the Rockefeller Foundation; 
Alan Pifer, president of the Carnegie Foundation, and Winston Lord, 
president of the Council on Foreign Relations. Lord was political and military 
officer at the Dept. of State 1961-64, international security officer Defense 
Dept. 1969-73, spec. asst. to the President of the U.S. 1970-73, director of 
policy planning at Dept. of State 1973-77, member of Atlantic Council and 
Atlantic Institute. Other Ditchley members have been Wallace Sterling, 
president of Stanford University, Richard Steadman of the German Marshall 
Fund, and Donald Perkins of Brookings Institution. Perkins is a director of 
Time, Thyssen-Bornemitza, ATT, Corning, Cummins Engine, Freeport 
Moran, G.D. Searle, and Morgan Guaranty Trust Bank, and chairman of jewel 
Tea Co. 

One of the principal but litde known operations of the Rockefeller 
Foundation has been its techniques for controlling world agriculture. Its 
director, Kenneth Wernimont, set up Rockefeller controlled agricultural 
programs throughout Mexico and Latin America. The independent farmer is 
a great threat to the World Order, because he produces for himself, and 
because his produce can be converted into capital, which gives him 
independence. In Soviet Russia, the Bolsheviks believed they had attained 
total control over the people; they were dismayed to find their plans 
threatened by the stubborn independence of the small farmers, the kulaks. 
Stalin ordered the OGPU to seize all food and animals of the kulaks, and to 
starve them out. The Chicago American Feb. 25, 1935 carried a front page 
headline, six MILLION PERISH IN SOVIET FAMINE: Peasants' Crops 



Seized, They and their Animals Starve. To draw attention from this atrocity, it 
was later alleged that the Germans, not the Soviets, had killed six million 
people, the number taken from the Chicago American headline by a Chicago 
publicist. 

The Communist Party, the Party of the Peasants and Workers, 
exterminated the peasants and enslaved the workers. Many totalitarian 
regimes have found the small farmer to be their biggest stumbling block. The 
French Reign of Terror was directed, not against the aristocrats, many of 
whom were sympathetic to it, but against the small farmers who refused to 
turn over their grain to the revolutionary tribunals in exchange for the 
worthless assignats. In the United States, the foundations are presently 
engaged in the same type of war of extermination against the American 
farmer. The traditional formula of land plus labor for the farmer has been 
altered due to the farmer's need for purchasing power, to buy industrial goods 
needed in his farming operations. Because of this need for capital, the farmer 
is especially vulnerable to the World Order's manipulation of interest rates, 
which is bankrupting him. Just as in the Soviet Union, in the early 1930s, 
when Stalin ordered the kulaks to give up their small plots of land to live and 
work on the collective farms, the American small farmer faces the same type 
of extermination, being forced to give up his small plot of land to become a 
hired hand for the big agricultural Soviets or trusts. The Brookings Institution 
and other foundations originated the monetary programs implemented by the 
Federal Reserve System to destroy the American farmer, a replay of the Soviet 
tragedy in Russia, with the one proviso that the farmer will be allowed to 
survive if he becomes a slave worker of the giant trusts. 

Once the citizen becomes aware of the true role of the foundations, he 
can understand the high interest rates, high taxes, the destruction of the 
family, the degradation of the churches into forums for revolution, the 
subversion of the universities into CIA cesspools of drug addiction, and the 
halls of government into sewers of international espionage and intrigue. The 



American citizen can now understand why every agent of the federal 
government is against him; the alphabet agencies, the FIB, IRS, CIA, and 
BATF must make war on the citizen in order to carry out the programs of the 
foundations. 

We have seen the close interlocking of the foundations with 
international banks and corporations, all stemming from the Peabody Fund of 
1865, and the War Industries Board of Bernard Baruch in World War I. The 
foundations are in direct violation of their charters, which commit them to do 
"charitable" work, because they make no grants which are not part of a 
political goal. The charge has been made, and never denied, that the Heritage- 
AEI network has at least two KGB moles on its staff. The employment of 
professional intelligence operatives as "charitable" workers, as was done in the 
Red Cross Mission to Russia in 1917, exposes the sinister political, economic 
and social goals which the World Order requires the foundations to achieve 
through their "bequests". 

Not only is this tax fraud, because the foundations are granted tax 
exemption solely to do charitable work, but it is criminal syndicalism, 
conspiracy to commit offenses against the United States of America, 
Constitutional Law 213, Corpus Juris Secundum 16. For the first time, the 
close interlocking of the foundation "syndicate" has been revealed by the 
names of its principal incorporators - Daniel Coit Oilman, who incorporated 
the Peabody Fund and the John Slater Fund, and became an incorporator of 
the General Education Board (now the Rockefeller Foundation); Oilman, 
who also incorporated the Russell Trust in 1856, later became an incorporator 
of the Carnegie Institution with Andrew Dickson White (Russell Trust) and 
Frederic A. Delano. Delano also was an original incorporator of the 
Brookings Institution and the Carnegie Endowment for International Peace. 
Daniel Coit Oilman incorporated the Russell Sage Foundation with Cleveland 
H. Dodge of the National City Bank. These foundations incorporators have 
been closely linked with the Federal Reserve System, the War Industries 



Board of World War I, the OSS of World War II and the CIA. They have 
also been closely linked with the American International Corporation, which 
was formed to instigate the Bolshevik Revolution in Russia. Delano, an uncle 
of Franklin Delano Roosevelt, was on the original Board of Governors of the 
Federal Reserve System in 1914. His brother-in-law founded the influential 
Washington law firm of Covington and Burling. The Delanos and other 
ruling families of the World Order trace their lineage directly back to William 
of Orange and the regime which granted the charter of the Bank of England. 
Her Majesty Queen Elizabeth the Queen Mother, Lady Elizabeth Bowes- 
Lyon, is the daughter of the 14th Earl of Sirathmore. When William of 
Orange invaded England in 1688, the Scottish lords, who had been loyal to 
James II, were the last to capitulate. Patrick Lyon took the oath of fealty to 
William in 1690, and became the first Earl of Strathmore. The family resides 
at Glamis Castle, which was made famous by Shakespeare's play, "Macbeth". 
The present Lord Glamis is Michael Fergus Bowes-Lyon, heir of the 17th Earl 
of Strathmore, who holds additional titles of Earl of Kinghorne, Viscount 
Lyon, Farnedyce, Sydlaw, and Strathdichtie. 



APPENDIX I 



After gaining control of the national government, the Rockefeller 
Foundation moved to seize control of the state legislatures. The move began 
in Colorado, where the Rockefellers had perpetrated the infamous "Ludlow 
Massacre" of workers at their Colorado Fuel & Iron plant. State Senator 
Henry Wolcott Toll, a Denver lawyer and graduate of Harvard Law School, 
spearheaded the organization of the American Legislators Association in 
1925. Time, April 27, 1936, noted that Toll in 1930 got financial aid from the 
Spelman Rockefeller Fund and moved the organization to the campus of 



Rockefeller's University of Chicago. Time noted, "Today the Capitol of the 
U.S. is still in Washington, but so far as the states individually have any point 
of contact, it is Mr. Toll's office building in Chicago. Presendy Rockefeller 
money is to erect a $500,000 building on Chicago's Midway to house these 
secretariats, a sort of League of Nations Palace for the local governments of 
the 48 states." 

This became the Council of State Governments at 1313 60th St. 
Chicago, from which address the Rockefeller Foundation controlled the state 
legislatures and ramrodded their programs through mostly unsuspecting state 
bodies. 

Time also noted that Toll's plans were approved by a principal 
character in this story, Frederick A. Delano. "His sentiments were echoed 
with approval by Franklin Roosevelt's uncle, Frederick A. Delano, who, as 
chairman of the President's Committee on National Resources, was there to 
lend his advice." 

Thus we have the founder of the Brookings Institution guiding 
foundation control of the state legislatures. The Council of State 
Governments has now moved to Lexington, Kentucky, where it at present 
comprises the Conference of Chief Justices, Conference of State Court 
Administrators, and the National Associations of Attorney Generals, 
Secretaries of State and State Auditors, State Purchasing Offices, Lieutenant 
Governors, and State Legislators. The governors of the 50 states comprise 
the membership of the Council of State Governments. 



CHAPTER EIGHT The Rule of The Order 



"And behold at evening tide trouble; and before the morning he is not. 
This is the portion of them that spoil us and the lot of them that rob us."-ISAIAH 17:14. 



Five men rule the world. None of them holds public office, but they 
choose who shall hold office in the nations. These five men comprise the 
apex of the pyramid of power, the World Order. We may ask, Why should 
there be a World Order ? Is it not sufficient to hold absolute power in a 
single nation, or in a group of nations ? The answer is No, because of the 
nature of international travel, international trade, and international finance. 
International travel requires that a person may travel in peace from one nation 
to another, without being molested. Excepting cases of anarchy, revolution or 
war, this requirement can usually be met. International trade requires that 
traders of one nation can go to another nation, transact their business, and 
return with their goods or their profits. This requirement too is usually met. 
If not, the offended nation can exercise military force, as Great Britain did in 
its Opium Wars. 

It is the third requirement, international finance, which called into 
being the World Order. In earlier days, when international trade consisted of 
barter, payment in gold or silver or piracy, the seizure of goods by force, there 
was no need for a world arbiter to determine the value of instruments of 
trade. The development of paper money, stocks, bonds, acceptances and 
other negotiable instruments necessitated a power, able to exercise influence 
anywhere in the world, to declare that a piece of paper represented one billion 
dollars in real wealth, or even one dollar in real wealth. An entry on a 
computer, flashed from London to New York, states that someone owes five 
billion dollars to someone else. Without genuine power backing, no such sum 
could ever be collected, regardless of the factuality or morality of the debt. As 
anyone in the Mafia can tell you, you don't collect unless you are willing to 
break legs. The World Order is always prepared to break legs, and break them 
they do, by the millions. 

What would have happened to the earliest settlers in America if they 
had gone to the Indians and said, "Give us your goods and the deeds to your 



homes and lands. In return, we will give you this beautifully printed piece of 
paper." The Indians would, and did, attack them. If the settlers arrived with 
an army led by a Pizaro or a Cortez, they took the lands without a piece of 
paper. 

The World Order rules with its pieces of paper, but behind every paper 
is a force which can be employed anywhere in the world. The force may be 
disguised by various subterfuges as international agreements, associations or 
other camouflage, but its base is always force. 

The World Order rules through a simple technique, Divide and 
Conquer (Divide et impera). Every natural or unnatural division among 
people, every occasion for hatred or greed, is exploited and exacerbated to the 
limit. The polarization of racial and ethnic groups in the U.S. is accelerated by 
a flood of government decrees, originating in foundation "studies", which are 
designed solely to set American against American. Only in this way can the 
World Order maintain its iron grip on the daily lives of the people. The 
World Order also rules by the principle of "1984" - no groups of two or 
more people are allowed to gather unless the World Order has a 
representative present. If you start a club of dandelion fanciers, the Order will 
send someone who will be quiedy helpful, avoid taking the front position, and 
who will offer to pay the rent of a meeting place or the printing of the 
minutes. In more radical groups, the Order's representative will be the first to 
suggest dynamiting a building, assassinating an official, or other violent action. 

The international terrorism of the Communist Party originated in a 
small club of German and French workingmen in Paris, dedicated to quiet 
reading and discussion, until Karl Marx joined. It was then converted into a 
revolutionary group. This one example explains the Order's determination to 
allow no group, however insignificant, to remain unmonitored. The World 
Order adopted the Hegelian dialectic, the dialectic of materialism, which 
regards the World as Power, and the World as Reality. It denies all other 
powers and all other realities. It functions on the principle of thesis, antithesis 



and a synthesis which results when the thesis and antithesis are thrown against 
each other for a predetermined outcome. Thus the World Order organizes 
and finances Jewish groups; it then organizes and finances anti-Jewish 
groups; it organizes Communist groups; it then organizes and finances anti- 
Communist groups. It is not necessary for the Order to throw these groups 
against each other; they seek each other out like heat-seeking missiles, and try 
to destroy each other. By controlling the size and resources of each group, 
the World Order can always predetermine the outcome. 

In this technique, members of the World Order are often identified 
with one side or the other. John Foster Dulles arranged financing for Hitler, 
but he was never a Nazi. David Rockefeller may be cheered in Moscow, but 
he is not a Communist. However, the Order always turns up on the winning 
side. A distinguishing trait of a member of the World Order, although it may 
not be admitted, is that he does not believe in anything but the World Order. 
Another distinguishing trait is his absolute contempt for anyone who actually 
believes in the tenets of Communism, Zionism, Christianity, or any national, 
religious or fraternal group, although the Order has members in controlling 
positions in all of these groups. If you are a sincere Christian, Zionist or 
Moslem, the World Order regards you as a moron unworthy of respect. You 
can and will be used, but you will never be respected. 

It has taken centuries of patient effort for the World Order to attain the 
power it exercises today. Its origins as an international force go back to the 
Phoenician slave-traders, continues through the Phnariot families of the 
Byzantine Empire, then the Venetian and Genoese traders and bankers of the 
Middle Ages, who moved into Spain and Portugal, and later into England and 
Scotland. By the 14th century, the Genose controlled the Scottish landlords. 
The Imperial Family of the Byzantine Empire, the Paleologues (meaning 'the 
Word') were attacked by the Gnostic faction, whose materialistic Aristotelian 
philosophy was the forerunner of Hegelian dialectic and Marxism. The 
Paleologues devoutly believed in the Christian faith, as expressed by the 



Orthodox Rite. The materialistic Venetian and Genoese armies, with the aid 
of the Turkish "infidels", looted and conquered Constantinople, the legendary 
"City of God". The Byzantine survivors recreated their culture in Russia, with 
Moscow as "the third Rome". The plan to destroy the Orthodox Church and 
its Romanov (new Rome) leader was the hidden goal of the First World War. 
The victors came away with one billion dollars of the Romanov fortune, after 
achieving the defeat of their hated enemy, the Orthodox Church. 

During the Middle Ages, European power centers coalesced into two 
camps, the Ghibellines, those who supported the Emperor's Hohenstaufen 
family, (an Italian adaptation of Weinblingen, the name of the Hohenstaufen 
estate), and the Guelphs, from Welf, the German prince who competed with 
Frederick for control of the Holy Roman Empire. The Pope then allied 
himself with the Guelphs against the Ghibellines resulting in their victory. All 
of modern history stems direcdy from the struggle between these two 
powers. The Guelphs, also called the Neri, or Black Guelphs, and Black 
Nobility, were the Normans who conquered England in the 11th century; the 
Genoese who backed Robert Bruce in his conquest of Scotland, and who 
supported William of Orange in his seizure of the throne of England. 
William's victory resulted in the formation of the Bank of England and the 
East India Company, which have ruled the world since the 17th century. 
Every subsequent coup d'etat, revolution and war has centered in the battle of 
the Guelphs to hold and enhance their power, which is now the World Order. 

The power of the Guelphs grew through their control of banking and 
international trade. It was extended through the Italian centers to the north 
of Florence, in Lombardy, which became great financial centers. All Italian 
bankers, including the Genoese, the Venetians, and Milanese, were referred to 
as "Lombards"; Lombard, in German, means "deposit bank"; the Lombards 
were bankers to the entire Medieval world. Modern history begins with the 
transfer of their operations north to Hamburg, Amsterdam, and finally to 
London. 



The great American fortunes originated with the Guelph slave trade to 
the colonies. Many of the slave traders doubled in piracy. Trinity Church, 
whose leading vestryman later was J.P. Morgan, was originally known as "the 
church of the pirates". Capt. William Kidd provided the material to build it in 
1697, and a pew was reserved for him. He was arrested the next year, and 
hanged in chains at Newgate. In 1711, a slave market was set up on Wall 
Street near the church, and functioned there for many years. 

Two of the most powerful influences in the world today are the 
international drug trade, which began with the East India Co., and 
international espionage, which began with the Bank of England. The East 
India Co. was granted a charter in 1600 in the closing days of Queen 
Elizabeth's reign. In 1622, under James I, it became a joint stock company. 
In 1661, in an attempt to retain his throne, Charles II granted the East India 
Co. the power to make war. From 1700 to 1830, the East India Co. gained 
control of all India, and wrested the historic mononoly of opium from the 
Great Moguls. 

The Crown periodically tried to maintain control of the monster it had 
unleashed. State Papers (Domestic) Interregnum, xvi, No. 97 (1649-51) states, 

"Whereas severall warrants have bine obtained by the East India Company, for the 
transporting of severall great quantities of Gold and Silver the Ilk som tymes is 
granted to severall merchants and others upon ther petion and suggestions, and 
weras under cider of thes warrants to divers other great soms of money, both 
English Gold and Silver is transported out of the nation, wch might be prevented 
yf the stat would apoynt a swroen controlled one skilled in this affaire, to tak a vew 
and serch of all badge and cases of tresur, that are transported out of the nation, 
and to see to the packing and making up of said tresur, and that ther be sent no 
more, then, what the stat gives licence for, both for quantytie and quality, and 
registered, and returned yearly to the council of stat, and that the sd controller for 
his view and search and sealing and marking it up shall demand and have tow 
shillings appon every hundred pounds sterling by tayl, or the valew of every 
hundred pounds sterling, if that the Gold or Silver should be in bares or ingots, for 
all Gold and Silver that shall be exported by licence, either the East India 



Company or any other person whomsoever, and that it shall not be lawful for any 
man to transport Gold or Silver befor it be vewed and examined by Tho. Violet or 
his sufficient debity, and registered." 

Government supervision of control of international movements of 
gold and silver has been a national problem since Cicero inveighed against it 
in the Roman Forum. Sir Walter Raleigh pointed out, in his "Select 
Observations of the Incomparable Sir Walter Raleigh," MDCXCVI p.6, 

"1. That Nation Can only be in a prosperous Estate that hath a proportionable 
quantity of Silver or Gold to ballance the Strength and trade of its neighboring 
Nations. 2. That whilst the Current Cash of this Kingdom can be converted into 
Bullion, and so made a trading Commodity (as hath been practis'd this hundred 
Years) 'twill either be conveyed to be best Market, or wrought in Plate at home, 
notwithstanding the utmost rigour and vigiliancy, to the great and daily 
Consumption of the Coin, and Detriment of the Nation. That raising the value of 
our Coin, is the only certain means to keep it in the Nation to make us a rich and 
thriving State, to recover our lost Trade, and the best Bulwark and Defence against 
all the Attacks of our Enemies. That contrary to the Policy of Nations, our 
standard Coin is of greater value in all places than at home (Spain only excepted) 
for which reason we bring Spanish Mony hither, and for the same Reason our 
Mony is transported to other places, to the great Impoverishment of the Nation." 

Sir Walter Raleigh, a patriot, saw that the machinations of the 
international money dealers were bringing ruin to many Englishmen, and tried 
to stop it. They in turn conspired against him, and had him beheaded. The 
Order invariably enlists "the law" against its enemies. 

The East India Co. originated as the London Staplers, was later known 
as the Lodon Mercers Co., merchant guilds which held monopolies over 
certain avenues of commerce. It was a direct offshoot of the commercial 
banking establishments of northern Italy, Venice and Genoa. Related firms 
were the German Hansa, and the Hanse of the Low Countries, which was 
headquartered in Bruges. It was also allied with the Levant Co. and the 
Anglo-Muscovy Co. Sebastian Cabot, whose descendants are prominent in 
American banking and intelligence, raised the seed money for Anglo-Muscovy 



in Italy and London. The company operated northern overland trade routes 
from the Baltic to India and China. Other related firms were the London 
Company, chartered in 1606 to establish The Virginian Plantation on a 
communistic basis, and the Plymouth Company, whose descendants control 
the New England business world. 

The "City" banks, which dominate American finance and politics (code 
name for banks for the "City", financial district of London), descend directly 
from East India and Bank of England operations. The Rockefeller Empire is 
the most prominent scion of this dynasty. 

To aid their control of finance and politics, the Guelphs perpetuated a 
host of cults deriving from the Manicheans, which in turn derived from the 
cults of Babylonia and Ira, from the Atys cultus of the Caucasian area, and 
from Hindu pantheism. Their offshoots include the Bogmils of the Balkans, 
the Paulicans of Asia Minor, the anabaptists, communists and antinomians, 
centering in the (Catharists, the Albigensians of southern France, the 
patarenes of northern Italy, and the English Savoyards). These gnostic faiths 
developed into the Rosicrucians, Swedenborgians, Unitarians, the Fabian 
Society, and the World Council of Churches. The English Savoyards became 
active in the London Staplers and the rise of oceanic commerce, by using the 
Venetian-Flanders galley, which brought the lateen sail into Europe from, 
southeast Asia. The Savoyards formed an extreme leftwing party, led by John 
Ball, which called for the nationalisation of all land. The Wycliffe-Lollards- 
Savoyards-Staplers formed the King's Party against the landed nobility 
(republicanism) and parliament. Then as now, the leftwing sought ownership 
of all land through an absolute ruler and a totalitarian centralized government. 

This leftwing alliance culminated in the University of London. The 
University of London, which received a $2 million grant in 1924 from 
Beardsley Rural as head of the Laura Spelman Rockefeller Fund, and many 
other grants from American foundations houses Gresham College and the 
London School of Economics, where Harold Laski taught John F. Kennedy 



and David Rockefeller the principles of the World Order. The University of 
London was originally financed by Jeremy Bentham of the East India Co., and 
John Stuart Mill, whose friend, investment banker George Grote, gave the 
University of London 6000 pounds to study mental health, the origin of the 
present worldwide "mental health" movement. Grote also contributed 500 
pounds to finance the July Revolution in France in 1830, which put Louis 
Philippe on the throne. 

It was Bentham who first coined the slogan later taken up by Karl 
Marx, "the greatest good for the greatest number", which has been so useful 
in inflaming the masses, the Marxist flim flam that you can best serve your 
interests by serving others. Bentham's business partner was manufacturer 
Robert Owen, and atheist who taught free love. Like most do-gooders, 
Owen's cotton mills in Asia, associated with the East India Co., caused 
bankruptcies and great misery in India. In 1 824, Owen bought Father Rapp's 
anabaptist commune in America, Harmonie on the Wabash, renaming it New 
Harmony. Owen's associate at New Harmony was Frances (Fanny) Wright, 
who initiated the practice of free love in America. She also started the 
Women's Equal Rights Movement, which was intended to break up families 
by inciting war between husband and wife. She travelled through the South, 
preaching the amalgamation of the races, and founded a commune in 
Tennessee for Negro freedmen. In 1829, she helped found the 
Workingmen's Party in New York City, which later became the Communist 
Party. Her grandson, Rev. Wm. Norman Guthrie, who married Anne Norton 
Stuart, became known as the Red Vicar at his church, St. Marks in the 
Bowerie, which welcomed Luciferians to its services. 

A principal offspring of the East India Co. was the Fabian Society, 
founded by Sidney and Beatrice Potter Webb, (whose father, Richard Potter, 
was a close friend of John Stuart Mill). Beatrice's sister Georgina married 
Daniel Meinertzhagen, chairman of Lazard Bros. London; another sister, 
Thersa, married Sir Alfred Cripps. John Stuart Mill's father, James, who was 



with the East India Co., named his son after John Stuart, head of East India 
Co. John Stuart Mill was secretary of the East India Co. from 1856 until its 
dissolution. One of Mill's most famous disciples, David Ricardo, originated 
the Theory of Rents, later expounded by the Marxists, and the "bare 
subsistence" law of wages. His descendant, Rita Ricardo, married to Wesley 
Campbell, head of the Hoover Institution, now advises President Reagan on 
social security. 

Robert Owen, promoter of the New Harmony commune, was a 
principal backer of John Quincy Adams' Presidential campaign. Adams had 
withheld support from Madison during the War of 1812, and had threatened 
secession from the Union. As Secretary of State, Adams had drafted the 
Monroe Doctrine, which gave the British East India Co. control of all Latin 
American markets, while keeping out all of its competitors ! T.D. Allman, in 
"The Doctrine That Never Was", Harper's, Jan. 1984, revealed that Monroe 
actually pledged not to interfere with any European power, unless they set up 
"new" colonies. The agreement, which was not even called the "Monroe 
Doctrine" until many years later, guaranteed the East India Company its 
markets in this hemisphere. When Britain violated the agreement in 1833 by 
seizing the Malvinas, the U.S. did nothing. 

The New England banking and shipping interests controlled by Adams' 
group created the Second Bank of the United States by repeated stock 
speculation campaigns, marked by typical bouts of hyperinflation and sudden 
deflation, which gave them control of millions of acres of farm lands 
throughout the Mississippi Valley from the Great Lakes to the Gulf of 
Mexico. This gave them enormous political influence in this entire region, 
allowing them to seed the southern Mississippi Valley with fanatical 
Secessionists and Abolitionists, whose revolutionary acts made the Civil War 
inevitable. Owen also coined the term Socialism; he was a business partner 
of a cotton manufacturer named Engels, whose son later became his political 



disciple, and still later became the partner of Karl Marx in founding the world 
Communist movement. 

The trial of the conspirators has been evident throughout the history of 
Europe since the Middle Ages. In 1547, the Republic of Venice had learned 
of an an ti- Christian conspiracy, and strangled its leaders, Julian Trevisano and 
Francis de Rugo. The surviving conspirators, Ochinus, Laelius Socinus, 
Peruta, Gentilis, Jacques Chiari, Francis Lenoir, Darius Socinus, Alicas, and 
the Abbe Leonard, now spread their poisonous doctrines of hatred 
throughout Europe. Their message of anarchy, atheism and immorality, 
levelling and revolution brought bloodshed in every subsequent upheaval on 
the Continent. In Germany, Adam Weishaupt, Prof, of Canon Law at the 
University of Munich, and later at Coburg-Gotha, became the Nominal head 
of the Illuminati; its corresponding branch in Italy was the Alta Vendita, 
whose first leader was an Italian Nobleman, B. Nubius. His principal agent 
was Piccolo Tigre, a Jewish banker and jeweler who traveled for the Alta 
Vendita throughout Europe. In 1822, his instructions to the chapters were 
confiscated and published, from which we excerpt : "We do not cease to 
recommend to you, to affiliate persons of every class and every manner of 
association, no matter what kind, only provided that mystery and secrecy shall 
be the dominant characteristic. Under a pretext most futile, but never political 
or religious, created by yourselves, or better yet, cause to be created by others, 
associations, having in common music, the fine arts for object. Then infiltrate 
the poison into those chosen arts; infiltrate it in litde doses. A prince who has 
not a kingdom to expect, is a good fortune for us. There are many of them in 
that plight. These poor princes will serve our ends, while thinking to labour 
only for their own. They form a magnificent signboard, and there are always 
fools enough to be found who are ready to compromise themselves in the 
service of a conspiracy, of which some prince or other seems to be thr 
ringleader. There is litde morality even among the most moral of the world, 
and one goes fast in the way of that progress. A good hatred, thoroughly 



cold, thoroughly calculated, is of more worth than all these artificial fires and 
all these declarations on the platform. Presendy, we shall have a printing 
establishment at Malta placed at our disposal. We shall then be able with 
impunity, with a sure stroke, and under the British flag, to scatter from one 
end of Italy to the other, books, pamphlets, etc. which the Alta Vendita shall 
judge proper to put into circulation." 

Karl Rothschild, son of Mayer Amschel, then became head of the Alta 
Vendita. 

On May 1, 1776, Adam Weishaupt issued further instructions to the 
Illuminati in Bavaria, "We labour first of all to draw into our Association all 
good and learned writers. This we imagine will be the easier obtained, as they 
must derive an evident advantage from it. Next to such men we seek to gain 
the masters and secretaries of the Post-Offices in order to facilitate our 
correspondence." The Tasso family of Bologna, later Thurn und Taxis, 
gained control of post offices and intelligence work in Europe and held that 
power for five centuries. Although these groups surfaced as charitable or fine 
arts organizations, their goals of anarchy were concealed in all their efforts. In 
the twentieth century, they culminated in the League of Nations, the United 
Nations, the communist Party, the Royal Institute of International affairs, the 
Council on Foreign Relations, the foundations, and a host of lesser groups. 
Count Coudenhove-Kalergi's Pan Europe Movement, with its powerful 
backing by aristocrats and international financiers, was represented in the U.S. 
by its American branch, founded by Herbert Hoover and Col. House, who 
were also stumping the U.S. for ratification of the League of Nations. 
Coundenhove Kalergi mentioned in his autobiogrphy that he had been 
financed by the Rothschilds and Warburgs, and in the U.S., by Paul Warburg 
and Bernard Baruch. He was connected with the Thurn und Taxis family. 
His grandfather, Count Francis Coudenhove-Kalergi, Austrian Ambassador in 
Paris, had married Marie Kalergi in 1850. She was one of the wealthiest 
heiresses in Europe, descended from the Byzantine Emperor Nikophor 



Phikas; in 1300, when Venice was the dominant power in the Mediterranean, 
Alexios Kalergis had signed the treaty which made Crete a dominion on 
Venice. A recent premier of Greece, Emmanuel Tsouderos, was a Kalergi. 

Melchior Palyi, in "The Twilight of Gold", reveals the power plays of 
the World Order in international finance, when he quotes from the Diary of 
Governor Emile Moreau of the Bank of France. Palyi says, "In October, 
1926, Governor Emile Moreau of the Bank of France sent his closest 
collaborator to London to explore the intentions of Montagu Norman, 
Governor of the Bank of England. Pierre Quesnay, then general manager of 
the Bank of France 1926-30, and Bank for International Setdements 1930-37, 
brought back a report which was recorded by Moreau : 'Quesnay also gives 
me interesting views about the ambitions of Montagu Norman and the group 
of financiers who surround him : Sir Otto Niemeyer, Sir Arthur Salter, Sir 
Henry Strakosch, Sir Robert Kindersley they are striving to make London the 
great international financial centre. But those close to Norman state this is 
not his objective ... he wants more than anything else to witness the setting up 
of links between the various banks of issue ... The economic and financial 
organization of the world appears to the Governor of the Bank of England to 
be the major task of the Twentieth Century. In his view politicians and 
political institutions are in no fit state to direct with the necessary competence 
and continuity this task of organization which he would like to see undertaken 
by central banks, independent at once of governments and of private finance. 
Hence his campaign in favour of completely autonomous central banks, 
dominating their own financial markets and deriving their power from 
common agreement among themselves. They would succeed in taking out of 
the political realm those problems which are essential for the development 
and prosperity of the national financial security, distribution of credit, 
movement of prices. They would thus prevent internal political struggles 
from harming the wealth and the economic advancement of nations." 



In short, Norman wished to see the imposition of the World Order 
over the financial affairs of the nations. It was this agreement among the 
central banks, rather than the front organization, the League of Nations, 
which became their final instrument of power. Crucial to these arrangements 
was the monetarist school, the Austrian School of Economics, an outgrowth 
of the Pan-Europe movement. Margit Herzfeld notes in her biography of 
Ludwig von Mises that he participated in Count Coudenhove-Kalergi's Pan 
Europe movement in 1943. He had been brought to the U.S. in 1940 by a 
grant from the Rockefeller Foundation of $2500 a year to work at the Natl. 
Bureau of Economic Research, which grant was renewed in 1943. Von Mises' 
pupils, Arthur Burns and Milton Friedman now expound the monetarist 
theory through a network of supersecret "conservative" think tanks led by the 
Mont Pelerin Society. Herzfeld says that von Mises' most famous protege was 
the Soviet apologist Murray Rothbard. 

One of the most influential conspirators was Walter Rathenau of 
Germany. He greeted the First World War ecstatically as the golden 
opportunity to establish world socialism. He wrote on July 31, 1916, "For 
years I had foreseen the twilight of the nations that I had heralded in my 
speeches and writings." (A People's State, by Rathenau). The notion became 
established that the state is no longer to be regarded as the importunate poor 
relation and fobbed off grudgingly with a tithe, but that it is entitle to dispose 
of the capital and income of all its members at its own free will. Rathenau's 
dictum was enacted into law by the far-reaching and multi-billion entitlement 
programs of Lyndon B. Johnson's Great Society, when he persuaded 
Congress to levy against all of the capital and income of the American people 
placing it at his disposal to achieve World Order political goals, and finally 
forcing the nation to the verge of bankruptcy. 

Rathenau wrote "In Days to Come", 1921, "No part of the world is 
now closed to us. No Material tasks are beyond our powers. All the treasures 
of earth are within our grasp. No thought remains hidden. Every 



undertaking can be put to the task and realized. The fertilizing distribution of 
the possessions of the world is our task. We must discover the force that will 
effect and up and down movement of the masses." 

In "The New Society", 1921, Rathenau wrote, "A far reaching policy of 
socialization is necessary and urgent ... The goal of the world revolution upon 
which we have entered means in its material aspect the melting of all society 
into one." 

This was the "levelling" effect which was a key goal of the conspirators, 
the Illuminati and the Alta Vendita, resulting in anarchy and the breaking 
down of national and class borders. Before he could realize his dream of 
World Socialism, Rathenau was murdered. 

Ortega noted the phenomenon of levelling in "The Revolt of the 
Masses," "A hurricane of farcicality, everywhere and in every form, is 
presently raging over the lands of Europe. Almost all the positions taken up 
and proclaimed are false ones. We are living in comic fashion, all the more 
comic the more apparently tragic is the mask adopted put on. The comic 
exists wherever life has no basis of inevitableness on which a stand is taken 
without reserves. Never as now have we these lives without substance or art 
- deracines from their own destiny - who let themselves float on the lightest 
current." 

Ortega was commenting on the most striking phenomenon of the 
twentieth century, the hegemony of parasitism which was attained through the 
World Order. It was the Congress of 1815 at Vienna which unleashed the rats 
from their nests, nor is it accidental that the Viennese School of Economics 
has become the principal vehicle through which the World Order maintains 
its political and financial power. After crushing Napoleon, the emerging 
oligarchy, which owed no allegiance to any nation or to any philosophy of life, 
attained power because it knew how to defeat its foes, the republicans and 
individualists of Europe; but its foes had no idea how to combat, or even to 
identify, its cleverly camouflaged enemy, because these people were a 



biological throwback in the continuing development of humanity. They were 
persons who were unable to become productive members of any society, and 
who could exist only by maintaining a parasitic attachment upon a host. 
Incredibly, they seized upon this striking difference as a sign that they had 
been chosen to rule all of mankind ! Initially no more than a harmless 
illusion, this self-deception was transformed into an evidence of 
"superiority". Their biological uniqueness, their committal to a parasitic mode 
of life, became their principal advantage in attaining their goals. They setup 
techniques of immediately recognizing each other in any part of the world. 
They resolved to act always cohesively as well-trained and determined phalanx 
against their unwitting opposition. They made full use of their qualities of 
non-allegiance and nonalignment, which was actually enmity, undying hatred 
towards all nations, races and creeds of the host peoples who tolerated their 
presence. This freedom from all loyalties and moral codes of the kinds which 
governed all other groups gave them an enormous tactical advantage over 
those whom they planned to enslave and destroy. 

The conspirators knew that their parasitic way of life would not be long 
endured by any host. They had to set up a program to subdue and overcome 
all governments, all religious creeds, all group loyalties, and replace them with 
their own World Order, which would allow any type of perversion, as long as 
the host peoples tolerated the presence of the parasite. The old morality had 
been based upon the duties and responsibilities of the citizen to raise a family, 
attend church, and support his nation. The "new morality", the "liberation 
theology", swept away all duties of the citizen. He now only had single duty, 
to obey the World Order. In return, he was relieved of duties, and was free to 
gratify his "needs", his sexual desires, perverted gratifications with children 
and animals, abandonment of monogamous life. The new morality reduced 
the citizen to a mere animal, which was what the World Order required in 
order to perpetuate its parasitic way of life. 



Society was now replaced by a mere facade of society. Only one crime 
would be severely punished - any resistance to the World Order. Murder, 
rape, arson, armed robbery, incest, child molestation, alcoholism, drug 
addition, homosexuality - all would be excused as minor aberrations, as long 
as the World Order was allowed to function without hindrance. One former 
crime, treason, now vanished, because national loyalties no longer existed. No 
one was expected to be "loyal" to the World Order, except its own members. 
The host peoples, the slaves, would never be asked for loyalty - only for 
obedience. 

Despite this new "tolerance", which was in itself a revolution against 
the innate moral codes of all peoples, many citizens continued to resist 
enslavement by the World Order. Famines, riots, revolutions and wars were 
instigated to get rid of the troublemakers, but a more universal restraint was 
required. This was found in drugs. In Asia, for centuries assassins had been 
sent to carry out their duties after being given quantities of drugs (assassin 
comes from the word for hasheesh). The World Order realized that drugs 
would provide the means of behavioral psychology or people control, which 
they had been seeking. The opium clippers began to sail from England to the 
Far East. By pushing drugs among the Asian masses, they stupefied and 
controlled them, reaping not only a substantial cash flow, but the raw 
materials needed for their Industrial Revolution. In the twentieth century, the 
foundations began to stupefy the European and American population with 
drugs, the final step in the enthronement of the World Order. They had 
eradicated the last serious resistance to their program. 

All conspiratorial societies for the past thousand years have sought a 
single goal - hegemony of parasitism. Bharati Darma holds that the world is 
an order or Cosmos — that it is not chaos — it is not thrown together. 
Parasitism's existential philosophy holds that man is thrown into the world 
without plan or program. This is the basic concept of parasitism, which finds 
itself in the world with only one mission : to find a host or perish. Many 



physicists now claim that the universe is the result of an accidental explosion 
which threw its components hither and yon, with no plan or order, an 
atheistic concept which denies that there is either a Logician or Logic to the 
universe. Darma states that it is the desire for the life of form which produces 
the universe, that there is a World Order by which the universe is upheld. 

The parasite denies that there is a world order of the universe, or any 
desire for form in the universe, or that any form exists. Therefore, the 
parasite is free to impose his own World Order, which has no organic 
relationship to the universe or to form. The hegemony of parasitism is 
dedicated solely to maintaining its position on the host from which it draws all 
of its sustenance. The host is the entire universe of the parasite; he knows 
nothing beyond it, and desires to know nothing beyond it. Geoffrey LaPage 
writes in "Parasitic Animals", "Some species of parasitic animals are among 
the most powerful enemies of man and his civilization." He posits a Law of 
Nature - that the parasite is always smaller and weaker than its host, and that 
the parasite always disguises itself and its aim in order to carry out its parasitic 
mission. LaPage says, "The struggle between host and parasite went on 
according to the laws of evolution, and this batde is constandy being waged 
today." 

LaPage notes that the parasite can cause biological change, citing 
particular species which cause changes in the host's reproductive glands. The 
parasite sometimes castrates the host in order to weaken it, such as the 
parasitic crustacean Sacculina, which destroys the reproductive organs of its 
host, the short-tailed spider crab, Inacus Mautitanicus. We see the identical 
process today in which the hegemony of parasitism seeks to alter the 
reproductive process of the host by converting the younger generation to 
unisex and homosexuality, and to render ineffective distinctive sexual 
characteristics of male and female. This is a classic instance of castration by 
the parasite. 



The natural World Order, which is based upon the irrevocable laws of 
the universe, has been temporarily replaced on Earth by the unnatural World 
Order of the parasite. All of the programs and energies of the parasite are 
devoted to a single goal, maintaining his feeding position upon the host. 
Freudian psychology was developed by the parasitic order to neutralize the 
incessant efforts of the host to throw off or dislodge the parasite. Any move 
to dislodge the parasite is denounced as "reactionary". It is defined and 
outlawed as an act of aggression, hostility, and alienation. In fact, the host is 
merely trying to survive by throwing off the parasite. Another law of nature is 
that the parasite, not only by sucking off the life sustenance of the host, but 
also by altering its life cycle, will inevitably kill the host. This process is called 
"the decline and fall of civilization". 

LaPage notes that a parasite is not a particular species, but one which 
has adopted a certain way of life, the way of the parasite. Whether or not it is 
a virus, the parasite has a viral effect on the host, slowly poisoning and 
destroying it. Viruses are classic parasites. The spirochete, virus of syphilis, is 
a classic parasitic organism. In biological parlance, a collection of spirochetes 
is known as a "Congress". 

The U.S. Congress has specifically chartered many parasitic functions in 
the philanthropic foundations. These groups now dominate educational and 
governmental institutions, laying down financial and social goals which are 
designed solely to maintain the hegemony of parasitism through its World 
Order. The American foundations are not even run by Americans; their 
policies are formulated in London by the financiers and transmitted to this 
country through the British Army Bureau of Psychological Warfare front 
Tavistock Institute. This is a typical disguised parasitic operation. 

Censorship and observance of its biological taboos are the basis of the 
tribal rule of parasitism. The most stringent taboo, one which has never been 
violated, is the taboo against any mention of parasitism as a force or power in 
society. No newspaper, magazine, radio or television program, or school or 



university course has ever been allowed to mention the societal impact of 
parasitism ! It is the greatest and most universal taboo in the world today. 
Michael Voslensky's "NOMENKLATURA, The Soviet Elite" identifies the 
Communist "new class" as a parasitic group. In reviewing this work in 
FORTUNE Oct 15, 1984, Daniel Seligman notes, "Voslensky's portrait leaves 
us thinking that the Nomenklatura is an entirely parasitic operation. Its 
interests are clearly not those of most Soviet citizens." The same observation 
can be made of the World Order's ruling group in any nation today, and 
particularly in the United States. 

Despite its present hegemony, the World Order of parasitism realizes 
that it is always subject to being dislodged, which, in effect, would mean its 
destruction. Therefore, it is necessary to control not only the channels of 
communication of the host, but his very thought processes as well; to 
maintain constant vigilance that the host does not develop any concept of the 
danger of his situation, or any power to throw off the parasite. Therefore, the 
parasite carefully instructs the host that he exists only because of the "benign" 
presence of the parasite - that he owes everything to the presence of the 
parasite, his religion, his social order, his monetary system, and his educational 
svstem. The parasite deliberately inculcates in the host the fear that if the 
parasite happens to be dislodged, the host will lose all these things, and be left 
with nothing. 

Although the World Order has control of the legal system and the 
courts, it remains vulnerable to any enforcement of the pre-existing body of 
law which the host had formulated to protect his society. This body of law 
forbids everything that the parasite is doing, and forces the parasite to 
maintain a precarious existence outside of the law. It the law were to be 
enforced at any time, the parasite would be dislodged. The existing body of 
law clearly forbids the operation of criminal syndicates, which is precisely 
what the hegemony of parasitism and its World Order is. Criminal 



syndicalism denies the equal protection of the law to citizens. Only by acting 
against criminal syndicalism can the state protect its citizens. 

Corpus Juris Secundum 16: Constitutional Law 213 (10) states : "The 
Constitutional guaranty of freedom of speech does not include the right to 
advocate, or conspire to effect, the violent destruction or overthrow of the 
government or the criminal destruction of property. 214 : The Constitutional 
guaranty of the right of assembly was never intended as a license for illegality 
or invitation for fraud - the right of freedom of assembly may be abused by 
using assembly to incite violence and crime, and the people through their 
legislatures may protect themselves against the abuse." 

The assembly of any World Order organization, such as the Council on 
Foreign Relations or any foundation, is subject to the laws against fraud (their 
charters claim they are engaged in philanthropy), and enforcement of the laws 
against criminal syndicalism would end the institutions through which the 
World Order illegally rules the people of the United States, the illegal 
conspiracies and the introduction of alien laws into our system by the 
foundations instructions to Congress. 

We have already shown that the Rockefeller Foundation and other key 
organizations of the World Order are "Syndicates", which are engaged in the 
practice of criminal syndicalism. But what is a "syndicate"? The Oxford 
English Dictionary notes that the word stems from "syndic". A syndic is 
defined as "an officer of government, a chief magistrate, a deputy". In 1601 
R. Johnson wrote in Kingd and commonw "especiall men, called Syndiques, 
who have the managing of the whole commonwealth." Thus the Rockefeller 
Foundation and its associated groups are carrying out their delegated function 
of managing the entire commonwealth, but not for the benefit of the people, 
or of any government except the secret super-government, the World Order, 
which they serve. The OED further defines a syndic as "a censor of the 
actions of another. To accuse." Here too, the syndicate functions acording to 
its definition - the syndicate censors all thought and media, primarily to 



protect its own power. It also brings accusations - as many American citizens 
have found to their sorrow. Not even Sir Walter Raleigh was immune. When 
he interfered with the international money trade, he was accused of "treason" 
and beheaded. 

The OED defines a "syndicate" as follows : "3. A combination of 
capitalists and financiers entered into for the purpose of prosecuting a scheme 
requiring large sources of capital, especially one having the object of obtaining 
control of the market in a particular commodity. To control, manage or effect 
by a syndicate." Note the key words in this definition - a combination - 
prosecuting - obtaining control. The scheme does not require "large capital" 
- it requires "large sources of capital", the bank of England or the Federal 
Reserve System. 

Corpus Juris Secundum 22A says of Criminal Syndicalism, "In a 
prosecution for being a member of an organization which teaches and abets 
criminal syndicalism, evidences of crimes committed by past or present 
members of the organization in their capacity as members is admissible to 
show its character." People v. LaRue 216 P 627 CA. 276. Thus testimony 
about John Foster Dulles financing the Nazi Government of Germany, his 
telegram starting the Korean War, and other evidence can be used to indict 
any member of the Rockefeller Foundation in any state or locality in which 
the Rockefeller Foundation has ever been active in any way. Since these 
organizations are all closely interlocked, and there is so much available 
evidence of their illegal operations, it will be relatively simple to obtain 
criminal convictions against them for their criminal syndicalist operations. 

Corpus Juris Secundum 22, Criminal Law 185 (10); Conspiracy and 
Monopolies : "Where the statute makes mere membership in an organization 
formed to promote syndicalism a crime, without an overt act, this offense is 
indictable in any county into which a member may go during the continuance 
of his membership, and this is true although such member comes into a 
county involuntarily. People v. Johansen, 226 P 634, 66 CA. 343." 



Corpus Juris Secundum 22, Criminal Law sec. 182 (3) states, "A 
prosecution for conspiracy to commit an offense against the U.S, may also be 
tried in any district wherein any overt act in furtherance of the conspiracy is 
performed. U.S. v. Cohen C.A.N.J. 197 F 2d 26." Thus a publication by the 
Council on Foreign Relations promoting the stripping of sovereignty of the 
United States of America, mailed into any county of the U.S.; the county 
authorities can bring the Council on Foreign Relations, or any member 
therein, to trial in that county,and any action by any member of the Council 
on Foreign Relations in the past is admissible as evidence, such as starting 
World War II, subsidizing the Nazi Government, or subsidizing the USSR. 

Criminal syndicalism can also be prosecuted according to Corpus Juris 
Secundum 46, Insurrection and Sedition : sec. 461 c. "Sabotage and 
syndicalism aiming to abolish the present political and social system, including 
direct action or sabotage." Thus any program of a foundation which seeks to 
abolish the present political or social system of the United States can be 
prosecuted. Of course every foundation program seeks to accomplish just 
that, and is indictable. 

Not only individuals, but any corporation supporting criminal 
syndicalism can be prosecuted, according to Corpus Juris Secundum 46 462b. 
Criminal Syndicalism. "Statutes against criminal syndicalism apply to 
corporations as well as to individuals organizing or belonging to criminal 
syndicalist society; evidence of the character and activities of other 
organizations with which the organization in which the accused is a member is 
affiliated is admissible." 

Not only can the members of the World Order be arrested and tried 
anywhere, since they function worldwide in their conspiratorial activities to 
undermine and overthrow all governments and nations, but because their 
organizations are so tighdy interlocked, any evidence about any one of them 
can be introduced in prosecuting any member of other organizations in any 
part of the U.S. or the world. Their attempts to undermine the political and 



social orders of all peoples make them subject to legal retribution. The People 
of the U.S. must begin at once to enforce the statutes outlawing criminal 
syndicalist activities, and bring the criminals to justice. 

Being well aware of their danger, the World Order is working frantically 
to achieve even greater dictatorial powers over the nations of the world. They 
constandy intensify all problems through the foundations, so that political and 
economic crises prevent the peoples of the world from organizing against 
them. The World Order must paralyze its opponents. They terrorize the 
world with propaganda about approaching international nuclear war, although 
atomic bombs have been used only once, in 1945, when the Rockefeller 
Foundation director Karl T. Compton ordered Truman to drop the atomic 
bomb on Japan. 

Because of the billions of lives which have been blighted and destroyed 
by the conspiracies of the World Order through its hegemony of parasitism, 
vengeance for these atrocities demands the most thoroughgoing and relentless 
retribution against the criminal syndicalists. Their record is clear. 

In 1984, as these words are written, we are observing the Year of 1984. 
George Orwell's book, written in 1949, was thought to be only a warning 
against what was to come. It was not a warning. "1984" is the Program ! 
Orwell, a lifelong Socialist, fought for many days in the front lines for the 
Communists in Spain. He was wounded, but this did not lessen his dedication 
to the goals of World Socialism. The most practical way to achieve these 
goals was to formulate the program, as Col. House had done in "Philip Dru, 
Administrator". Orwell laid down the dictum that slogans must be in 
Newspeak, "War is Peace, Freedom is Slavery, Ignorance is Strength". This is 
the program of the hegemony of parasitism through the World Order. Orwell 
posited three superstates, Eurasia, Oceania, and Eastasia, "permanently at war 
in one combination or another". He continues, "War, however, is no longer 
the desperate annihilating struggle that it was in the early decades of the 20th 
century. It is a warfare of limited aims, between combatants who are unable 



to destroy one another, have no material cause for fighting, and are not 
divided by an genuine ideological difference .... There is no longer in a 

material sense anything to fight about the balance of power will always 

remain roughly even, and the territory which forms the heardand of each 
superstate always remains inviolate (NOTE : The present writer has pointed 
out that the CIA does not commit sabotage in Russia, and the KGB does not 
commit sabotage in the U.S.) ... The primary aim of modern warfare (in 
accordance with the principle of doublethink, the aim is simultaneously 
recognized and not recognized by the directing brains of the Party) is to use 
up the products of the machine without raising the general standard of living 
.... the essential act of war is destruction, not necessarily of human lives, but of 
the products of human labor. The two aims of the party are to conquer the 
whole surface of the earth and to extinguish once and for all the possibility of 
independent thought." 

Orwell concludes "1984" with a denial that the victims of the World 
Order have any hope. He claims the World Order will always triumph, which 
is a great propaganda achievement for the hegemony of parasitism. He writes, 
"If you want a picture of the future, imagine a boot stamping on a human face 
- forever." He disposes of his "hero", a citizen who had vainly tried to 
oppose the Party, by ending the book with the "hero" whimpering that "He 
loved Big Brother". 

The peoples of the world not only will never love Big Brother, but they 
will soon dispose of him forever. 

To maintain the present hegemony of parasitism, the World Order 
program for the future, as drawn up by the foundations, is as follows : Small 
wars from 1985 to 1990. Global war from 1990-2000. The gradual 
annihilation of the populations of the United States, Canada and Western 
Europe. The reduction of world population from the present 4.85 billion to 1 
billion, the number it had attained in 1800, solving the disastrous pollution of 
air and water and the exhaustion of natural resources. After the 



"readjustment", as the Five Masters term their program of extermination, the 
world's predominant race will be the Chinese, 500 million. The African tribes 
will be heavily armed, and allowed to settle their ancient tribal rivalries, 
resulting in their almost complete extinction with conventional weapons. The 
few survivors will be allowed to revert to their primitive conditions, which will 
reduce their numbers even further. The Five masters will then be able to 
return to the "open continent" which had been enjoyed by King Leopold and 
the Rothschilds in the 1 880s, allowing them to renew their profitable trade in 
copper, ivory and slaves. 

The warfare being waged by the members of the World Order against 
the peoples and institutions of every nation has now reached the point of 
critical mass. Their determination to gradually weaken and destroy all the 
institutions of all societies, governments, and religions, in order to wreak their 
will on the helpless peoples of the world, is meeting more and more 
opposition. At the same time, because of the common goals and close 
interlocking of its principal agents, the foundation, the members of the World 
Order incur increasing danger of being recognized and exposed. The parasite 
must maintain his disguise, if he is to carry out his mission. 

In this crucial time, the Light of the Truth will expose the machinations 
of the World Order and condemn them to their inevitable retribution. Freed 
from this plague, the world will enter upon a Golden Age of Peace, Justice 
and Honor.